Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone explain to me how to get the answer and why I got it wrong? Answer the following questions using the information below: Diana

Can someone explain to me how to get the answer and why I got it wrong?image text in transcribed

Answer the following questions using the information below: Diana Industries, Inc. (DII), developed standard costs for direct material and direct labor. In 2010, Dll 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 $30 per pound Direct labor 0.05 hours $15 per hour During June, Dll produced and sold 10,000 containers using 980 pounds of direct materials at an average cost per pound of $32 and 500 direct manufacturing labor-hours at an average wage of $15.25 per hour. June's direct manufacturing labor efficiency variance is: $125 unfavorable $125 favorable None of these answers are correct. $7,623.50 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater, Debra Good

14th Canadian Edition

0135222419, 978-0135222416

More Books

Students also viewed these Accounting questions