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Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2020, MCP estimated the following standard costs for one of

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Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2020, MCP estimated the following standard costs for one of their most popular products. Budgeted quantity Budgeted price Direct materials 8 pounds $7.25 per pound Direct labor 0.3 hours $15.00 per hour During September, MCP produced and sold 1,000 units using 8,300 pounds of direct materials at an average cost per pound of $7.00 and 250 direct labor hours at an average wage of $15.40 per hour The direct labor flexible-budget varlance during September is O A. $650.00 unfavorable OB. $770.00 favorable OC. $650.00 favorable OD. $770.00 unfavorable

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