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Compute the standard cost per unit
Course:- Accounting Basics
Reference No.:- EM131599484




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Question - A manufactured product has the following information for June.

 

Standard

Actual

Direct materials

(6 lbs. @ $9 per lb.)

51,600 lbs. @ $9.10 per lb.

Direct labor

(3 hrs. @ $17 per hr.)

25,200 hrs. @ $17.40 per hr.

Overhead

(3 hrs. @ $12 per hr.)

$311,100

Units manufactured

 

8,500

Required -

Compute the standard cost per unit.

Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable.




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