Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Genent Industries, Inc. (GIl), developed standard costs for direct material and direct labor. In 2017, Gll estimated the following standard costs for one of their
Genent Industries, Inc. (GIl), 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- duty plastic container. Budgeted quantity 0.7 pounds 0.2 hours Budgeted price $10 per pound $11 per hour Direct materials Direct labor During July, Gll produced and sold 3,000 containers using 2,250 pounds of direct materials at an average cost per pound of $6 and 675 direct manufacturing labor hours at an average wage of $11.25 per hour. The direct manufacturing labor efficiency variance during July is O A. $994 favorable B. $825 unfavorable O C. $169 favorable O D. $844 unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started