Sharjah Dates Valley Orchards, Inc. (SVO), developed standard costs for direct material and direct labor. In 2011, SVO estimated the following standard costs for one of their most well loved products,...

Extracted text: Sharjah Dates Valley Orchards, Inc. (SVO), developed standard costs for direct material and direct labor. In 2011, SVO estimated the following standard costs for one of their most well loved products, the SVO classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and mince ingredients in addition to the apples. (2x2-4) Budgeted quantity. Budgeted price 1.5 pounds 0.25 hours $7.25 per pound $1.00 per bour Direct materials Direct labor During September, SVO produced and sold 1,200 pies using 1,875 pounds of direct materials at an average cost per pound of $7.00 and 320 direct labor hours at an average wage of S14.25 per hour Seplember's direct material price variance is: A) $468.75 favorable B) S468.75 unfavorable C) S75.00 unfavorable DI None of these answers are correct