Multiple Choice
Answer the following questions using the information below:
Diana Industries, Inc. (DII) , developed standard costs for direct material and direct labor. In 2010, DII estimated the following standard costs for one of their major products, the 10-gallon plastic container.
During June, DII produced and sold 10,000 containers using 980 pounds of direct materials at an average cost per pound of $32 and 500 direct manufacturing labor-hours at an average wage of $15.25 per hour.
-June's direct material efficiency variance is:
A) $1,860 unfavorable
B) $600 favorable
C) $1,360 favorable
D) None of these answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: An unfavorable sales-volume variance could result from:<br>A)decreased
Q13: Answer the following questions using the information
Q14: An unfavorable variance may be due to
Q15: The term budget indicates:<br>A)that standards have been
Q18: Answer the following questions using the information
Q20: Answer the following questions using the information
Q21: Answer the following questions using the information
Q22: Answer the following questions using the information
Q79: A favorable variance can be automatically interpreted
Q89: A flexible-budget variance is $600 favorable for