Animent Industries, Inc. (AII), developed standard costs for direct material and direct labor. In 2015, AII estimated
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Question:
Budgeted quantity | Budgeted price | |
Direct materials | 0.70 pounds | $80 per pound |
Direct labor | 0.05 hours | $20 per hour |
During June, AII produced and sold 16,000 containers using 19,000 pounds of direct materials at an average cost per pound of $84 and 11,200 direct manufacturing labor-hours at an average wage of $21.56 per hour. June's direct material flexible-budget variance is ________.
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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