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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 | 0.70 pounds | $80 per pound |
Direct labor | 0.05 hours | $20 per hour |
During June, AII produced and sold 16,000 containers using 19,000 pounds of direct materials at an average cost per pound of $84 and 11,200 direct manufacturing labor-hours at an average wage of $21.56 per hour. June's direct material flexible-budget variance is ________
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