the direct material efficiency variance during july is? 1- 1100 favorable 2-1000 favorable 3-2000 unfavorable 4-1000 unfavorable

Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2015, GIl estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container Budgeted quantity Budgeted price Direct materials 0.30 pounds $20 per pound Direct labor 0.20 hours $12 per hour During July, Gll produced and sold 3,000 containers using 1,000 pounds of direct materials at an average cost per pound of $19 and 625 direct manufacturing labor hours at an average wage of $11.75 per hour