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GT industries Inc. (GH) developed standard cost for direct materials direct labor and 2017 GH estimated the following standard costs for one of the major
GT industries Inc. (GH) developed standard cost for direct materials direct labor and 2017 GH estimated the following standard costs for one of the major products the 30 gallon heavy duty plastic container direct materials budget a quantity is 0.10 pounds what a price $30 per pound direct labor budget a quantity 0.30 hours budget price $18 per hour during July GH produced and sold 4000 containers using 600 pounds of direct materials at an average cost per pound of $26 and 190 direct manufacturing labor hours at an average wage of $18.40 per hour the direct labor price variance during July is?
$480 favorable $1620 unfavorable $516 favorable or $3600 unfavorable
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