A manufactured product has the following information for August. Standard Quantity and Cost 2 pounds per unit @ $3.00 per pound 0.5 hour per unit @ $20 per DLH $18 per DLH Direct materials Direct labor Overhead Units manufactured Total manufacturing costs (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 11 Required 2 Required 31 Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places.) Standard price or rate X x Actual Results x 12,200 units Standard cost per uit $ 300,400

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A manufactured product has the following information for August.
Standard Quantity and Cost
2 pounds per unit @ $3.00 per pound
0.5 hour per unit @ $20 per DLH
$18 per DLH
Direct materials
Direct labor
Overhead
Units manufactured
Total manufacturing costs
(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 11
Required 2 Required 3
Inputs
Direct materials
Direct labor
Overhead
Standard quantity or hours
pounds
DLH
DLH
Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places.)
Standard price or
rate
X
x
Actual Results
X
12,200 units
Standard
cost per unit
$ 300,400
Transcribed Image Text:A manufactured product has the following information for August. Standard Quantity and Cost 2 pounds per unit @ $3.00 per pound 0.5 hour per unit @ $20 per DLH $18 per DLH Direct materials Direct labor Overhead Units manufactured Total manufacturing costs (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 11 Required 2 Required 3 Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places.) Standard price or rate X x Actual Results X 12,200 units Standard cost per unit $ 300,400
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