Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard 5 lbs. e $7 per lb. 2 hrs. @ $16 per hr. 2 hrs. e $11 per hr. Actual Direct materials Direct labor Overhead Units manufactured 44,500 lbs. e $7.10 per lb. 17,400 hrs. @ $16.50 per hr. $200,200 8,800 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard 5 lbs. e $7 per lb. 2 hrs. @ $16 per hr. 2 hrs. e $11 per hr. Actual Direct materials Direct labor Overhead Units manufactured 44,500 lbs. e $7.10 per lb. 17,400 hrs. @ $16.50 per hr. $200,200 8,800 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...
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