aw 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. Budgeted price $80 per pound Budgeted quantity Direct materials 0.6 pounds Direct labor 0.15 hours $30 per hour During June, Heavy Products produced and sold 16,000 containers using 2,500 pounds of direct materials al average cost per pound of $83 and 2,400 direct manufacturing labor-hours at an average wage of $80.50 per hour The direct manufacturing labor efficiency variance during June is OA SO OB. $28,980 unfavorable OC. $121 200 favorable OD. S808,000 unfavorable

aw 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. Budgeted price $80 per pound Budgeted quantity Direct materials 0.6 pounds Direct labor 0.15 hours $30 per hour During June, Heavy Products produced and sold 16,000 containers using 2,500 pounds of direct materials al average cost per pound of $83 and 2,400 direct manufacturing labor-hours at an average wage of $80.50 per hour The direct manufacturing labor efficiency variance during June is OA SO OB. $28,980 unfavorable OC. $121 200 favorable OD. S808,000 unfavorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: Acounting