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. 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 rate variance for June is: OA. $375 favorable B. $375 unfavorable C. None of these answers are correct D. $22,500 unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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