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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?
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 unfavorableStep by Step Solution
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