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Problem # 1 Problem # 1 labor. In 2 0 0 4 , RUl estim ) , developed standard costs for direct material and direct
Problem #
Problem # labor. In RUl estim developed standard costs for direct material and direct products, the gallonated the following standard costs for one of their major astic container:
Direct materials
Budgeted quantity pounds
hours
ours
actud
Budgeted price
$ per pound
$ per hour
During June, RI produced and sold containers using pounds of direct materials at an average cost per pound of $ and direct manu pounds of direct hours at an average wage of $ per hour.
June's direct material flexiblebudget variance is:
a $ unfavorable
b $ favorable
c $ unfavorable
d None of these answers are correct
June's direct material price variance is:
a $ unfavorable
b $ favorable
c $ favorable
d None of these answers are correct
June's direct material efficiency variance is:
a $ unfayorable
b $ favorable
c $ favorable
d None of these are correct
June's direct manufacturing labor price variance is:
a $ unfavorable
b $ favorable
c $ unfavorable
d None of these answers are correct
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