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Heavy Products, Inc. (HPI) developed standard costs for direct material and direct labor. In 2020, HPI estimated the following standard costs for one of their

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Heavy Products, Inc. (HPI) developed standard costs for direct material and direct labor. In 2020, HPI estimated the following standard costs for one of their major products, the 10-gallon plastic container. During June, Heavy Products produced and sold 24,000 containers using 2,500 pounds of direct materials at an average cost per pound of $103 and 2,400 direct manufacturing labor-hours at an average wage of $36.25 per hour. The direct material price variance during June is A. $17,500 unfavorable B. $7,500 unfavorable C. $3,000 favorable D. $17,500 favorable

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