Homework Answers
Standard cost per unit = (8*6)+(2*16)+(2*12) = 104
Total standard cost = 104*8000 = 832,000
Actual cost = [(48500*8.10)+(15,700*16.50)+198,000] = 849,900
Cost variance = 832,000 - 849,900
= 17,900 Unfavorable
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A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured...
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HOW DO I CALCULATE? A manufactured product has the following information for June. Direct materials Direct...
HOW DO I CALCULATE?
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $7 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Actual 42,500 lbs. @ $7.20 per lb. 24,900 hrs. @ $16.40 per hr. $308,000 8,400 (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....
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Required information The following information applies to the questions displayed below.) A manufactured product has the following information for June. Port 2013 Per 200 Actual lbs. @ $8.10 per 48,500 Direct materials points Standard (6 lbs. $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $12 per hr.) Direct labor 15,700 hrs. @ $16.50 per 15,790 hr. Overhead Units manufactured $198,000 8,000 Compute the direct materiais price variance and the direct materials quantity variance Indicate whether each...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $13 per hr.) Actual 36,500 lbs. @ $8.10 per lb. 14,200 hrs. @ $17.50 per hr. $193,700 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH - Actual Hours SH - Standard Hours AR -...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. esper lb.) (2 hrs. @ $16 per hr.) (2 hrs. $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost varianco.
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $12 per hr.) Actual 47, 300 lbs. @ $8.10 per lb. 15, 300 hrs. @ $15.50 per hr. $192,900 7,800 Exercise 21-9 Direct materials variances LO P2 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ...
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HOW DO I CALCULATE?
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