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Answer the following questions (47, 48, 49, and e50) using the information below Diana Industries, Inc. (Dil) developed standard costs for direct material and
Answer the following questions (47, 48, 49, and e50) using the information below Diana Industries, Inc. (Dil) developed standard costs for direct material and direct labor. In 2010, Oll 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: OA $4,080 unfavorable OB. $5,880 unfavorable OC $1,800 favorable OD. None of these answers are correct.
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