leavy 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 quantity. 0.1 pounds Budgeted price $100 per pound $20 per hour Direct materials Direct labor 0.1 hours During June, Heavy Products produced and sold 20,000 containers using 2,500 pounds of direct materials at an average cost per pound of $106 and 2,000 direct manufacturing labor- hours at an average wage of $101.00 per hour. The direct manufacturing labor efficiency variance during June is O A. $162,000 favorable OB. $1,620,000 unfavorable Oc. $0 D. $20,200 unfavorable http He In20

leavy 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 quantity. 0.1 pounds Budgeted price $100 per pound $20 per hour Direct materials Direct labor 0.1 hours During June, Heavy Products produced and sold 20,000 containers using 2,500 pounds of direct materials at an average cost per pound of $106 and 2,000 direct manufacturing labor- hours at an average wage of $101.00 per hour. The direct manufacturing labor efficiency variance during June is O A. $162,000 favorable OB. $1,620,000 unfavorable Oc. $0 D. $20,200 unfavorable http He In20

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Description: possibleHeavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, All estimated the followingstandard costs for one of their major products, the 10- gallon plastic container.Budgeted quantity.0.1 poundsBudgeted pri

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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