Can you please check my work A manufactured product has the following information for June.StandardActualDirect materials6 lbs. @ $8 per lb.3 hrs. @ $15 per hr.3 hrs. @ $12 per hr.48,000 lbs. @ $8.20 per lb.23,400 hrs. @ $15.40 per hr.$289,7007,900Direct laborOverheadUnits manufactured(1) Compute the standard cost per unit.(2) Compute the total cost variance for June.Complete this question by entering your answers in the tabs below.Required 1Required 2Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and novariance.)Total cost variance$12 Unfavorable A manufactured product has the following information for June.StandardActualDirect materials6 lbs. @ $8 per lb.3 hrs. @ $15 per hr.3 hrs. @ $12 per hr.48,000 lbs. @ $8.20 per lb.23,400 hrs. @ $15.40 per hr.$289,700Direct laborOverheadUnits manufactured7,900Compute the standard cost per unit.Compute the total cost variance for June.Complete this question by entering your answers in the tabs below.Required 1Required 2Compute the standard cost per unit.Direct materials48Direct labor45Overhead36Tatal129%24

The variance is a measure of variability. It is calculated by taking the average of squared…

A manufactured product has the following information for June. Standard 6 lbs. @ $8 per lb. 3 hrs. @ $15 per hr. 3 hrs. @ $12 per hr. Actual Direct materials 48,000 lbs. @ $8.20 per lb. 23,400 hrs. @ $15.40 per hr. $289,700 7,900 Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

A manufactured product has the following information for June. Standard 6 lbs. @ $8 per lb. 3 hrs. @ $15 per hr. 3 hrs. @ $12 per hr. Actual Direct materials 48,000 lbs. @ $8.20 per lb. 23,400 hrs. @ $15.40 per hr. $289,700 7,900 Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

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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