Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A. 1,249,000 unfavorable B. 69,000 unfavorable C. 1,249,000 favorable D. 11,200 favorable Animent Industries, Inc. (All), developed standard costs for direct material and direct labor.
A. 1,249,000 unfavorable
B. 69,000 unfavorable
C. 1,249,000 favorable
D. 11,200 favorable
Animent Industries, Inc. (All), developed standard costs for direct material and direct labor. In 2015, All estimated the following standard costs for one of their major products, the 10-gallon plastic container. Direct materials Direct labor Budgeted quantity 0.7 pounds 0.2 hours Budgeted price $100 per pound $10 per hour During June, All produced and sold 16,000 containers using 23,000 pounds of direct materials at an average cost per pound of $103 and 11,200 direct manufacturing labor-hours at an average wage of $11.00 per hour. The direct material price variance during June isStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started