Question 22 Chapter 10 Diana industries, Inc. (m), developed standard costs for direct material and direct labor, in 2010. Cated the following standard costs for one of their major products, the 10-gallon plastic container Budgeted quantity Budgeted price Direct materials 0.10 pounds 530 per pound Direct labor 0.05 hours $15 per hour During June, Dll produced and sold 10,000 containers using 980 pounds of direct materials at an average cost per pound of $22 - 500 direct manufacturing labor-hours at an average wage of $15.25 per hour June's direct labor rate variance and the direct labor efficiency variance are $7500U and $7625F $125 F and $500 F $7625 U and $7500 F $125 U and $0 MacBook Air