Animent Industries, Inc. (All), developed standard costs for direct material and direct labor. In 2015, All estimated the following standard costs for one of their major products, the 10-gallon plastic container. Standard quantity per unit Standard price Direct materials 0.10 pounds Direct labor 0.05 hours $60 per pound $30 per hour During June, All produced and sold 20,000 containers using 1.900 pounds of direct materials at a cost of S64 per pound and 1,000 direct manufacturing labor-hours at S30.50 per hour. The direct material price variance during June is: A. $7,600 unfavorable. B. $1,600 favorable. C. $1,600 unfavorable. D. $7,600 favorable.

Animent Industries, Inc. (All), developed standard costs for direct material and direct labor. In 2015, All estimated the following standard costs for one of their major products, the 10-gallon plastic container. Standard quantity per unit Standard price Direct materials 0.10 pounds Direct labor 0.05 hours $60 per pound $30 per hour During June, All produced and sold 20,000 containers using 1.900 pounds of direct materials at a cost of S64 per pound and 1,000 direct manufacturing labor-hours at S30.50 per hour. The direct material price variance during June is: A. $7,600 unfavorable. B. $1,600 favorable. C. $1,600 unfavorable. D. $7,600 favorable.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 6PA: Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin...

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I would like to get answers for a), b) and c) the question is attached below...
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Haha
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