Question: 2 points Save Answer Genent Industries, Inc. (G. developed standard costs for direct material and direct labor. In 2015, Gil estimated the following standard costs

 2 points Save Answer Genent Industries, Inc. (G. developed standard costs

2 points Save Answer Genent Industries, Inc. (G. developed standard costs for direct material and direct labor. In 2015, Gil estimated the following standard costs for one of their major products, the 30 gallon heavy-duty plastic container Budgeted quality Dimene 0 10 pounds $10 per pound Director 0.0 hour $10 per le During July. Cll produced and sold 3000 containers using 450 pounds of direct materials ons were cost per pound of $6 and 2450 direct manufacturing tabor hours at an average wape of $10.25 per hour The direct materia price variance during Mily is 51800 favorable $1500 unfavorable $1800 unfavorable $12.000 unfavorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!