Diana Industries, Inc. (D) developed standard costs for direct material and direct labor. In 2010, D...
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Diana Industries, Inc. (D) developed standard costs for direct material and direct labor. In 2010, D 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 Budgeted orice $90.00 per pound 0.05 hours $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 manufacturing labor rate variance for june is OA. $375 unfavorable OB. None of these answers are correct OC $22.500 unfavorable OD. $375 favorable Diana Industries, Inc. (D) developed standard costs for direct material and direct labor. In 2010, D 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 Budgeted orice $90.00 per pound 0.05 hours $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 manufacturing labor rate variance for june is OA. $375 unfavorable OB. None of these answers are correct OC $22.500 unfavorable OD. $375 favorable
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