Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Diana Industries, Inc. (DI) developed standard costs for direct material and direct labor. In 2010, Dil estimated the following standard costs for one of
Diana Industries, Inc. (DI) 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. 0.10 pounds Direct materials Direct labor 0.05 hours Budgeted price $90.00 per pound $45.00 per hour During June, Dll 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 wake of $45.75 per hour. The direct material price variance for June is: OA. $5,880 unfavorable B. $4,080 unfavorable OC. None of these answers are correct. D. $1,800 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started