Please do not give solution in image format thanku A manufactured product has the following information for August.Direct materialsDirect laborOverheadUnits manufacturedTotal manufacturing costsStandard Quantity and Cost2 pounds per unit @ $10.50 per pound0.5 hour per unit @ $80 per DLH$108 per DLH(1) Prepare the standard cost card showing standard cost per unit.(2) Compute total budgeted cost for production in August.(3) Compute the total cost variance for August.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Prepare the standard cost card showing standard cost per unit.Note: Round your final answers to 2 decimal places.InputsDirect materialsDirect laborOverheadStandard quantity or hourspoundsDLHDLH< Required 1Actual ResultsRequired 2 >Standard price or Standardratecost per unit15,200 units$ 1,738,400 Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Compute total budgeted cost for production in August.Tonal budgeted contComplete this question by entering your answers in the tabs below.Required 1Required 2 Required 3Compute the total cost variance for August.Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.Total cost varlanco< Required 2

Name: Please do not give solution in image format thanku A manufactured prod
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Description: Please do not give solution in image format thanku A manufactured product has the following information for August.Direct materialsDirect laborOverheadUnits manufacturedTotal manufacturing costsStandard Quantity and Cost2 pounds per unit @ $10.50 per

The variance is the difference between the standard and actual production cost data. The budgeted…

Business

Accounting

A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $10.50 per pound 0.5 hour per unit @ $80 per DLH $108 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Actual Results 15,200 units $ 1,738,400

A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $10.50 per pound 0.5 hour per unit @ $80 per DLH $108 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Actual Results 15,200 units $ 1,738,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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