Q2. compute the DM price and efficiency variance for June. Show work and calculations

Hefficiency variance because it is a lum Chap 7 Rd Var SHOW YOUR WORK 13. 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 0.80 pounds Budgeted price $60 per pound $20 per hour Direct materials Direct labor 0.10 hours During June, Heavy Products produced and sold 15,000 containers using 25,000 pounds of direct materials at an average cost per pound of $64 and 12,000 direct manufacturing labor-hours at an average wage of $21.56 per hour (1) Compute the DM flexible budget yariance for June. USE THE SPACE BELOW TO SHOW YOUR WORK/CALCULATIONS Actual DM quan. DmActual4- Bod 25.000