ACC 212- Fall 2020 Benjamin Untitled Homework: Chapter 7 Homework Benjamin Moskowitz & 11/19/20 12:53 PM Score: 0 of 5 pts 9 of 9 5 complete) 7.5-12a HW Score: 39.31%, 31.45 of B0 pts Genent Industries, Inc. (GU), developed standard costs for direct material and direct labor, in 2017. GIl estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic contato E Question Held Budgeted quantity Budgeted price Direct materials 02 pounds $50 per pound Direct labor 0.5 hours $20 per hour During July, Gil produced and sold 4,000 containers using 1.050 pounds of direct materials at an average cost per pound of $48 and 2,075 direct manufacturing labor hours at an average wage of $20.75 per hour The direct material price variance during July is O A $2,100 favorable OB $12,500 unfavorable C. $8,000 unfavorable OD $2,100 unfavorable 2 Click to select your answer and then click Check Answer Clear All All parts showing TV MacBook Air OM 00 DD 59 BO 888 16 * F