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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.
Standard Quantity and Cost
Actual Results
Direct materials
7 pounds @ $7 per pound
52,200
pounds @ $7.10 per pound
Direct labor
2 DLH @ $17 per DLH
14,600
hours @ $17.50 per hour
Overhead
2 DLH @ $12 per DLH
$ 183,200
Units manufactured
7,400
units
(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.
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