Multiple Choice
Genent Industries, Inc. (GII) , developed standard costs for direct material and direct labor. In 2017, GII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container.
During July, GII produced and sold 4,000 containers using 600 pounds of direct materials at an average cost per pound of $26 and 1,290 direct manufacturing labor hours at an average wage of $18.40 per hour.
The direct manufacturing labor price variance during July is ________.
A) $1,620.00 unfavorable
B) $516.00 favorable
C) $480.00 favorable
D) $3,600.00 unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
Q28: Cost variances should be investigated _.<br>A) when
Q29: Classic Products Company manufactures colonial style desks.
Q30: A flexible-budget variance pertaining to revenues is
Q31: Variance analysis should be used _.<br>A) to
Q32: The following data for the Prender Company
Q34: One advantage of using standard times to
Q35: Jalbert Incorporated planned to use materials of
Q36: When benchmarking, management accountants are most valuable
Q37: A company purchases $650,000 of materials on
Q38: It is difficult for firms to find