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 1,750 pounds of direct materials at an average cost per pound of $48 and 2,090 direct manufacturing labor hours at an average wage of $11.30 per hour.
The direct manufacturing labor efficiency variance during July is ________.
A) $990.00 unfavorable
B) $627.00 favorable
C) $1,617.00 favorable
D) $1,017.00 unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Mid City Products Inc. (MCP), developed standard
Q18: Daniels Corporation used the following data to
Q19: Effectiveness is _.<br>A) the relative amount of
Q20: A favorable flexible-budget variance for variable costs
Q21: With disregard to all other factors, the
Q23: Explain the difference between a static budget
Q24: A favorable variance indicates that _.<br>A) budgeted
Q25: Schooner Corporation used the following data to
Q26: Lincoln Corporation used the following data to
Q27: A master budget is called a static