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Diana industries, Inc. (D) developed standard costs for direct material and direct labor. In 2010, Dil estimated the following standard costs for one of
Diana industries, Inc. (D) developed standard costs for direct material and direct labor. In 2010, Dil estimated the following standard costs for one of their major products, the 10- gallon plastic container. Budgeted quantity. Direct materials Direct labor 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 manufacturing labor efficiency variance for June is: OA None of these answers are correct. OB. $375 favorable OC. $375 unfavorable D. $22,500 unfavorable
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