Homework Answers
| Direct Materials (7*8) | 56 |
| Direct labor (2*17) | 34 |
| Overhead (2*11) | 22 |
| Total | 112 |
.
Actual cost = (53,000*8.10)+(14,700*17.50)+170,100
= 429,300 + 257,250 + 170,100 = 856,650
Budgeted cost = 7,500*112 = 840,000
So, total Cost variance = 856,650 - 840,000
= 16,650 Unfavorable
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Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
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 (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $12 per hr.) Actual 43,900 lbs. @ $8.10 per lb. 17,100 hrs. @ $17.40 per hr. $214,700 8,700 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
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 (6 lbs. $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $12 per hr.) Actual 49,700 lbs. @ $8.10 per lb. 16,000 hrs. @ $16.60 per hr $202,300 8,200 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for...
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Required information [The following information applies to the questions displayed below.] A manufactured product has the...
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 7 lbs. @ $8 per lb. 3 hrs. @ $15 per hr. 3 hrs. @ $11 per hr. Actual 53,600 lbs. @ $8.10 per lb. 22,400 hrs. @ $15.40 per hr. $257,700 7,600 1) Compute the standard cost per unit. 2) Compute the total cost variance for June. Complete this question by...
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[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) |(2 hrs. @ $12 per hr.) Actual 48,500 lbs. @ $8.10 per lb 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Direct materials Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 (2) Compute the total cost variance...
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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 5 lbs. @ $7 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $11 per hr. Actual 43, 600 lbs. @ $7.10 per lb. 25,600 hrs. @ $16.60 per hr. $290,400 8,600 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question...
Required information [The following information applies to the questions displayed below] A manufactured product has the...
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 (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. @ $13 per hr.) Actual 44.3e9 lbs. @ $7.10 per lb. 14,300 hrs. $16.50 per hr. $196,700 7,300 (1) Compute the standard cost per unit Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June,...
Required information The following information applies to the questions displayed below. A manufactured product has the...
Required information The following information applies to the questions displayed below. A manufactured product has the following information for June Standard 5 lbs. 2 S8 per Actual Direct materials 42.100 lbs. @ $8.20 per 42,100 lb s hrs. @ $17.50 per Direct labor 3 hrs. @ $17 per hr. 3 hrs. $13 per hr Overhead Units manufactured 200 $329,000 8,300 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June Complete this question by entering...
Required information (The following information applies to the questions displayed below.) A manufactured product has the...
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 (6 lbs. @ $8 per lb.) (2 hrs. $17 per hr.) (2 hrs. $12 per hr.) Actual 52,200 lbs. @ $8.10 per lb. 16,900 hrs. $17.60 per hr. $212,200 8,600 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate...
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
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 (7 lbs. @ $8 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $11 per hr.) Actual 55,900 lbs. @ $8.10 per lb. 15,500 hrs. @ $15.40 per hr. $179, 700 7,900 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable...
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 (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $12 per hr.) Actual 43,900 lbs. @ $8.10 per lb. 17,100 hrs. @ $17.40 per hr. $214,700 8,700 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance...
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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 7 lbs. @ $8 per lb. 3 hrs. @ $15 per hr. 3 hrs. @ $11 per hr. Actual 53,600 lbs. @ $8.10 per lb. 22,400 hrs. @ $15.40 per hr. $257,700 7,600 1) Compute the standard cost per unit. 2) Compute the total cost variance for June. Complete this question by...
[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) |(2 hrs. @ $12 per hr.) Actual 48,500 lbs. @ $8.10 per lb 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Direct materials Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 (2) Compute the total cost variance...
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 5 lbs. @ $7 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $11 per hr. Actual 43, 600 lbs. @ $7.10 per lb. 25,600 hrs. @ $16.60 per hr. $290,400 8,600 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question...
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 (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. @ $13 per hr.) Actual 44.3e9 lbs. @ $7.10 per lb. 14,300 hrs. $16.50 per hr. $196,700 7,300 (1) Compute the standard cost per unit Direct materials Direct labor Overhead Total (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. 2 S8 per Actual Direct materials 42.100 lbs. @ $8.20 per 42,100 lb s hrs. @ $17.50 per Direct labor 3 hrs. @ $17 per hr. 3 hrs. $13 per hr Overhead Units manufactured 200 $329,000 8,300 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June Complete this question by entering...
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 (6 lbs. @ $8 per lb.) (2 hrs. $17 per hr.) (2 hrs. $12 per hr.) Actual 52,200 lbs. @ $8.10 per lb. 16,900 hrs. $17.60 per hr. $212,200 8,600 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate...
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 (7 lbs. @ $8 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $11 per hr.) Actual 55,900 lbs. @ $8.10 per lb. 15,500 hrs. @ $15.40 per hr. $179, 700 7,900 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable...
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