Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 0. Diana Industries, Inc. (DII), developed standard costs for direct material and direct labor. In 2010. DII estimated the following standard costs for

image text in transcribed

Question 13 0. Diana Industries, Inc. (DII), developed standard costs for direct material and direct labor. In 2010. DII estimated the following standard costs for one of their major products, the 10-gallon plastic container. Direct materials Budgeted quantity Budgeted price 0.10 pounds $30 per pound 0.05 hours $15 per hour Direct labor During June, DII produced and sold 10.000 containers using 980 pounds of direct materials at an average cost per pound of $32 and 500 direct manufacturing labor-hours at an average wage of $15.25 per hour. June's direct manufacturing labor price variance is: O A $7,623.50 unfavorable OB. None of these answers are correct. O C. S125 unfavorable OD. S125 favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Rigos Primer Series CPA Exam Review Financial Accounting Questions And Answers

Authors: Mr. James J. Rigos

2020 Edition

979-8642293720

More Books

Students also viewed these Accounting questions

Question

305 mg of C6H12O6 in 55.2 mL of solution whats the molarity

Answered: 1 week ago

Question

Evaluate employees readiness for training. page 275

Answered: 1 week ago