FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- ! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 7 pounds @ $9 per pound 3 DLH @ $17 per DLH 3 DLH @ $13 per DLH Actual Results 59,200 pounds @ $9.10 per pound 25,000 hours @ $17.60 per hour $ 334,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total budgeted cost for June production. Total budgeted (standard) costarrow_forwardPlease show your work.arrow_forwardMy Home * CengageNOWv2 | Online teachin- X m/takeAssignment/takeAssignmentMain.do?invoker=8ttakeAssignmentSessionLocator=&inprogress=false High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total Costs Production January $72,000 1,120 units February 84,640 1,690 March 112,000 2,720 Using the high-low method, determine (a) the varnable cost per unit and (b) the total fixed.cost. a. Variable cost per unit b. Total fixed cost All work saved. 44 °Farrow_forward
- help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all workingarrow_forwardanswer with must must explanation , computation for each parts and steps answer in text form no copy from other answerarrow_forwardPlease do not give solution in image format thankuarrow_forward
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