Question 23 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 2 pts Budgeted quantity Budgeted price Direct materials 0.70 pounds $70 per pound Direct labor 0.10 hours $35 per hour During June, Heavy Products produced and sold 25,000 containers using 23,000 pounds of direct materials at an average cost per pound of $75 and 17,500 direct manufacturing labor hours at an average wage of $35.75 per hour. The direct material price variance during June is $115,000 unfavorable $500,000 favorable $500,000 unfavorable $13,125 favorable vious