Required information Use the following information for the Exercises below. (Algo) Skip to question [The...
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Accounting
Required information Use the following information for the Exercises below. (Algo) Skip to question [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 6 pounds @ $8 per pound 51,000 pounds @ $8.10 per pound Direct labor 2 DLH @ $17 per DLH 16,500 hours @ $17.50 per hour Overhead 2 DLH @ $12 per DLH $ 207,600 Units manufactured 8,400 units Exercise 21-8 (Algo) Standard cost per unit, total budgeted and actual costs, and total cost variance LO P2 (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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