Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual 6 lbs. @ $7 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $11 per hr. Direct materials 49,200 lbs. @ $7.10 per lb. 16,000 hrs. @ $16.50 per hr. $183,400 Direct labor Overhead Units manufactured 8,100 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June.

Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $84,680 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 5,800 units, 60% completed     94,424       30 Direct materials, 53,000 units 757,900     852,324       30 Direct labor 66,820     919,144       30 Factory overhead 92,274   ?   1,011,418       30 Goods finished, ? units     ?       30 Bal., 4,600 units, 90% completed     ?       Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. a.  Cost of beginning work in process inventory completed…

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Equivalent Units of Materials Cost The Rolling Department of Oak Ridge Steel Company had 4,400 tons in beginning work in process inventory (70% complete) on July 1. During July, 73,100 tons were completed. The ending work in process inventory on July 31 was 3,700 tons (90% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process? units