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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

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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 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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