that managers cannot trace to individual products or services but that support the organization as a whole QUIESTION 16 0.6: Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, All estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Direct materials 0.70 pounds and Budgeted price $70 per pound. Budgeted quantity Direct labor 0.10 hours and Budgeted price $35 per hour. During June, Heavy Products produced and sold 25,000 containers using 23,000 pounds of direct materials at an average cost per pound of $75 and 17,500 direct manufacturing labor-hours at an average wage of $35.75 per hour. The direct material price variance during June is $500,000 favorable $115,000 unfavorable $500,000 unfavorable $13,125 favorable Click Save and Submit to save and submit. Click Save All Answers to save all answers