Problem #$1$

Problem #$1$ labor. In $2004,$ RUl estim$),$ developed standard costs for direct material and direct products, the $10-$gallonated the following standard costs for one of their major astic container:

Direct materials

Budgeted quantity $0\mathrm{.}10$ pounds

$0\mathrm{.}05$ hours

ours

actud

Budgeted price

$$30$ per pound

$$15$ per hour

During June, RI produced and sold $5,000$ containers using $490$ pounds of direct materials at an average cost per pound of $$32$ and $250$ direct manu $490$ pounds of direct hours at an average wage of $$15\mathrm{.}25$ per hour.

June's direct material flexible$-$budget variance is:

a$.$ $$980$ unfavorable

b$.$ $$300$ favorable

c$.$ $$680$ unfavorable

d$.$ None of these answers are correct

June's direct material price variance is:

a$.$ $$980$ unfavorable

b$.$ $$300$ favorable

c$.$ $$680$ favorable

d$.$ None of these answers are correct

June's direct material efficiency variance is:

a$.$ $$980$ unfayorable

b$.$ $$300$ favorable

c$.$ $$680$ favorable

d$.$ None of these are correct

June's direct manufacturing labor price variance is:

a$.$ $$62\mathrm{.}50$ unfavorable

b$.$ $$62\mathrm{.}50$ favorable

c$.$ $$3,811\mathrm{.}75$ unfavorable

d$.$ None of these answers are correct