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Animent Industries, Inc. (AII), developed standard costs for direct material and direct labor. In 2015, AII estimated the following standard costs for one of their
Animent Industries, Inc. (AII), developed standard costs for direct material and direct labor. In 2015, AII estimated the following standard costs for one of their major products, the 10-gallon plastic container.
Budgeted quantity | Budgeted price | |
Direct materials | 0.10 pounds | $100 per pound |
Direct labor | 0.05 hours | $35 per hour |
During June, AII produced and sold 17,000 containers using 2500 pounds of direct materials at an average cost per pound of $105 and 1700 direct manufacturing labor-hours at an average wage of $35.75 per hour.
The direct manufacturing labor price variance during June is ________.
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