Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $11 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Actual Results 49,800 pounds @ $8.10 per pound 24,300 hours @ $15.50 per hour $ 277,300 8,200 units
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $11 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Actual Results 49,800 pounds @ $8.10 per pound 24,300 hours @ $15.50 per hour $ 277,300 8,200 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
A manufactured product has the following information for June.
Direct materials
Direct labor
Overhead
Units manufactured
Standard Quantity and Cost
6 pounds @ $8 per pound
3 DLH @ $15 per DLH
3 DLH @ $11 per DLH
(1) Prepare the standard cost card showing standard cost per unit.
(2) Compute total budgeted cost for June production.
(3) Compute total actual cost for June production.
(4) Compute total cost variance for June.
Actual Results
49,800 pounds @ $8.10 per pound
24,300 hours @ $15.50 per hour
$ 277,300
8,200 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f5440e2-421a-417e-a443-87e36536b491%2F19a02fad-0718-4f35-b2fd-6adb3c3d16d5%2F1b9ugfo_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
A manufactured product has the following information for June.
Direct materials
Direct labor
Overhead
Units manufactured
Standard Quantity and Cost
6 pounds @ $8 per pound
3 DLH @ $15 per DLH
3 DLH @ $11 per DLH
(1) Prepare the standard cost card showing standard cost per unit.
(2) Compute total budgeted cost for June production.
(3) Compute total actual cost for June production.
(4) Compute total cost variance for June.
Actual Results
49,800 pounds @ $8.10 per pound
24,300 hours @ $15.50 per hour
$ 277,300
8,200 units
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