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Answer the following questions using the information below: Sawyer Industries, Inc. (SII), developed standard costs for direct material and direct labor. In 2004, SIl estimated
Answer the following questions using the information below: Sawyer Industries, Inc. (SII), developed standard costs for direct material and direct labor. In 2004, SIl estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. During July, SII produced and sold 10,000 containers using 2,200 pounds of direct materials at an average cost per pound of $24 and 1,050 direct manufacturing labor hours at an average wage of $14.75 per hour. July's direct material flexible-budget variance is: $2,200 favorable $2,800 unfavorable $5,000 unfavorable None of these answers are correct
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