Question 23.2: A manufacturer reports the following standard cost card. For...
A manufacturer reports the following standard cost card. For June, the company made 1,200 units and incurred actual total manufacturing costs of $135,850. Compute the standard cost per unit and the total cost variance. Label the variance as favorable (F) or unfavorable (U).
Production Factor | Standard |
Direct materials . . . . . . . . . . . . | 2 lbs . per unit @ $25 per lb . |
Direct labor . . . . . . . . . . . . . . | 1 .5 hours per unit @ $18 per hour |
Overhead . . . . . . . . . . . . . . . . | $24 per direct labor hour |
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