Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Diana Industries, Inc. (Dil), developed standard costs for direct material and direct labor. Dil estimated the following standard costs for one of their major products,

image text in transcribed

Diana Industries, Inc. (Dil), developed standard costs for direct material and direct labor. Dil estimated the following standard costs for one of their major products, the 10-galon plastic container. Budgeted quantity. Budgeted price Direct materials 0.10 pounds $30 per pound Direct labor 0.05 hours $15 per hour During June, Dll 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 efficiency variance is: 57523.50 unfavorable $125 favorable Novariance exists. $125 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

2. What potential barriers would you encourage Samuel to avoid?

Answered: 1 week ago