Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GII estimated the following standard costs for one of their major products, the 30 - gallon heavy...


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Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GII estimated the following standard costs for one of their major products, the 30 - gallon heavy - duty plastic container.<br>Budgeted quantity<br>0.60 pounds<br>Budgeted price<br>$20 per pound<br>$14 per hour<br>Direct materials<br>Direct labor<br>0.30 hours<br>During July, Gll produced and sold 4,000 containers using 2,700 pounds of direct materials at an average cost per pound of $19 and 1,290 direct manufacturing labor hours at an average wage of $14.30 per hour.<br>The direct manufacturing labor flexible - budget variance during July is<br>O A. $1,260 unfavorable<br>O B. $1,647 unfavorable<br>C. $900 favorable<br>D. $3,300 favorable<br>

Extracted text: Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GII estimated the following standard costs for one of their major products, the 30 - gallon heavy - duty plastic container. Budgeted quantity 0.60 pounds Budgeted price $20 per pound $14 per hour Direct materials Direct labor 0.30 hours During July, Gll produced and sold 4,000 containers using 2,700 pounds of direct materials at an average cost per pound of $19 and 1,290 direct manufacturing labor hours at an average wage of $14.30 per hour. The direct manufacturing labor flexible - budget variance during July is O A. $1,260 unfavorable O B. $1,647 unfavorable C. $900 favorable D. $3,300 favorable

Jun 03, 2022
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