The Direct Materials standard cost is $13.20
The Direct Labor standard cost is $12.00
The Variable Manufacturing Overhead standard cost is $5.00
The Fixed manufacturing overhead standard cost is $11.80
Standard cost per unit- $ 42.00
The solution is in tabular form which is attached with this answer.
What is Variance
Variance is the process of evaluating the financial performance of your mission. fee variance compares your budget that was set before the project started and what was spent. this is calculated by using finding the difference among BCWP (Budgeted cost of work performed) and ACWP (actual cost of work performed.
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