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Diana Industries, Inc. (DII), developed standard costs for direct material and direet labor. In 2010, DII estimated the following standard costs for one of their
Diana Industries, Inc. (DII), developed standard costs for direct material and direet labor. In 2010, DII estimated the following standard costs for one of their major products, the 10-gallon plastic container. During June, DII 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 price variance is: $125 unfavorable 5125 favorabic $7,623.50 unfavorable None of these answers are correct
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