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Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, Gll estimated the following standard costs for one of their
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, Gll estimated the following standard costs for one of their major products, the 30-gallon heavy container. duty plastic Budgeted quantity 0.8 pounds 0.2 hours Budgeted price $50 per pound $17 per hour Direct materials Direct labor During July The direct manufacturing labor efficiency variance during July is Gll produced and sold 4,000 containers using 3,300 pounds of direct materials at an average cost per pound of $49 and 850 direct manufacturing labor hours at an average wage of $17.50 per hour. A. $1,275 favorable OB. $425 favorable OC. $875 unfavorable O D. $850 unfavorable
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