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(Didn't mean to select C) Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the following
(Didn't mean to select C)
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the following standard costs for one of their most popular products. Budgeted price Budgeted quantity Direct materials 2 pounds $8.25 per pound $15 per hour Direct labor 0.9 hours During September, MCP produced and sold 2,000 units using 4,200 pounds of direct materials at an average cost per pound of $8 and 1,750 direct labor hours at an average wage of $15.25 per hour. The direct labor flexible budget variance during September is O A. $313 unfavorable O B. $763 favorable O C. $763 unfavorable O D. $313 favorableStep by Step Solution
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