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Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017. All estimated the following standard costs for one of their major
Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017. All estimated the following standard costs for one of their major products, the 10-gallon plastic container Budgeted quantity Budgeted price Direct materials 0.5 pounds $80 per pound Direct labor 0.2 hours $30 per hour During June, Heavy Products produced and sold 24,000 containers using 1.700 pounds of direct materials at an average cost per pound of $85 and 4,800 direct manufacturing labor-hours at an average wage of 580.75 per The direct manufacturing labor officiency variance during June is O A. $243,600 favorable O . 50 C. $77,520 unfavorable OD $1.218,000 unfavorable
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