number 5

: Using the information below Answer the questions 4 to 6 Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2015, Gli estimated the following standard costs for one of their major products, the 30-gallon heavy-duty .plastic container Budgeted quantity Budgeted price Direct materials 0.30 pounds $20 per pound Direct labor 0.20 hours $12 per hour During July, GIl produced and sold 3,000 containers using 1,000 pounds of direct materials at an average cost per pound of $19 and 625 direct manufacturing labor hours at an average wage of $11.75 per hour July's direct material flexible-budget variance is (4 unfavorable $2,500 D unfavorable $1.000 KD $0 D favorable $2.000 V 3 ) 5 The direct material price variance during July is (5 unfavorable $1.100 favorable $1.000