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Answer the following questions (#47, #48, #49, and #50) using the information below: Diana Industries, Inc. (Dil) developed standard costs for direct material and
Answer the following questions (#47, #48, #49, and #50) using the information below: Diana Industries, Inc. (Dil) developed standard costs for direct material and direct labor. In 2010, Dil estimated the following standard costs for one of their major products, the 10-gallon plastic container. Direct materials Direct labor Budgeted quantity. 0.10 pounds 0.05 hours Budgeted price $90.00 per pound $45.00 per hour During June, Dil produced and sold 10,000 containers using 980 pounds of direct materials at an average cost of $96.00 per pound and 500 direct manufacturing labor-hours at an average wage of $45.75 per hour. The direct material quantity variance for june is: A. $1,800 favorable B. $5,880 unfavorable C. None of these answers are correct. OD. $4,080 unfavorable
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