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Heavy Products, Inc. developed standard costs for direct mat 2017, All estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price $100 per pound Direct materials 0.8 pounds 0.1 hours Direct labor $20 per hour During June, Heavy Products produced and sold 23,000 containers using 19,000 pounds of direct materials at an average cost per pound of $102 and 18,400 direct manufacturing labor-hours at an average wage of $21.00 per hour. June's direct material flexible-budget variance is $38,000 favorable $98,000 unfavorable O $46,000 unfavorable O $18,400 favorable

Heavy Products, Inc. developed standard costs for direct mat 2017, All estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price $100 per pound Direct materials 0.8 pounds 0.1 hours Direct labor $20 per hour During June, Heavy Products produced and sold 23,000 containers using 19,000 pounds of direct materials at an average cost per pound of $102 and 18,400 direct manufacturing labor-hours at an average wage of $21.00 per hour. June's direct material flexible-budget variance is $38,000 favorable $98,000 unfavorable O $46,000 unfavorable O $18,400 favorable

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 33P: Business Specialty, Inc., manufactures two staplers: small and regular. The standard quantities of...
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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. Direct materials 0.8 pounds 0.1 hours Budgeted quantity Budgeted price $100 per pound $20 Direct labor per hour During June, Heavy Products produced and sold 23,000 containers using 19,000 pounds of direct materials at an average cost per pound of $102 and 18,400 direct manufacturing labor-hours at an average wage of $21.00 per hour. June's direct material flexible-budget variance is $38,000 favorable $98,000 unfavorable $46,000 unfavorable O $18,400 favorable
Transcribed Image Text: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. Direct materials 0.8 pounds 0.1 hours Budgeted quantity Budgeted price $100 per pound $20 Direct labor per hour During June, Heavy Products produced and sold 23,000 containers using 19,000 pounds of direct materials at an average cost per pound of $102 and 18,400 direct manufacturing labor-hours at an average wage of $21.00 per hour. June's direct material flexible-budget variance is $38,000 favorable $98,000 unfavorable $46,000 unfavorable O $18,400 favorable
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