Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10 -gallon plastic container.

	SQ	SP
Direct material	0.10 lbs	$30.5/lb
Direct labor	.05 hours	$15.75/hour

During June, RII produced and sold 5,000 containers using 480 pounds of direct materials at an average cost per pound of $30 and 280 direct manufacturing labor-hours at an average wage of $15.80 per hour.

What is the direct material price variance? (enter a negative number for favorable variance)

Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10 -gallon plastic container.

	SQ	SP
Direct material	0.10 lbs	$30.5/lb
Direct labor	.05 hours	$15.75/hour

During June, RII produced and sold 5,000 containers using 505 pounds of direct materials at an average cost per pound of $29 and 280 direct manufacturing labor-hours at an average wage of $15.60 per hour.

What is the direct material flexible budget variance? (enter a negative number for favorable variance)

Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10 -gallon plastic container.

	SQ	SP
Direct material	0.10 lbs	$30.5/lb
Direct labor	.05 hours	$15.75/hour

During June, RII produced and sold 5,000 containers using 495 pounds of direct materials at an average cost per pound of $30 and 320 direct manufacturing labor-hours at an average wage of $15.60 per hour.

What is the direct labor flexible budget variance? (enter a negative number for favorable variance)