!Required information[The following information applies to the questions displayed below.]A manufactured product has the following information for June.Direct materials.Direct laborOverheadUnits manufactured(1) Compute the standard cost per unit.(2) Compute the total cost variance for June.Required 1Standard5 lbs. @ $9 per lb.2 hrs. @ $16 per hr.2 hrs. @ $12 per hr.Complete this question by entering your answers in the tabs below.Required 2Direct materialsDirect laborOverheadTotalCompute the standard cost per unit.Actual41,500 lbs. @ $9.10 per lb.16,100 hrs. @ $16.50 per hr.$202,9008,200

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Description: !Required information[The following information applies to the questions displayed below.]A manufactured product has the following information for June.Direct materials.Direct laborOverheadUnits manufactured(1) Compute the standard cost per unit.(2)

Direct materials (5 lbs. x $9)$45Direct labor (2 hrs. x $16)$32Overhead (2 hrs. x $12)$24Total$101

Business

Accounting

A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Standard 5 lbs. @ $9 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute the standard cost per unit. Direct materials Direct labor Overhead Total Actual 41,500 lbs. @ $9.10 per lb. 16,100 hrs. @ $16.50 per hr. $202,900 8,200

A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Standard 5 lbs. @ $9 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute the standard cost per unit. Direct materials Direct labor Overhead Total Actual 41,500 lbs. @ $9.10 per lb. 16,100 hrs. @ $16.50 per hr. $202,900 8,200

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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