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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 $76 and 2,400 direct manufacturing labor-hours at an average wage of $11.56 per hour. The direct material price variance during June is A. $22,000 favorable B. $3,744 favorable C. $22,000 unfavorable D. $15,000 unfavorable

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