Animent Industries , Inc. (AII), developed standard costs for direct material and direct labor. In 2015, AII estimated the following standard costs for one of their major products, the 10 gallon plastic container.
Budgeted quantity
Budgeted price
Direct materials
010 pounds
$60 per pound
Direct labor
0.05 hours
$30 per pound
During June, AII produced and sold 20,000 containers using 1,900 pounds of direct materials at an average cost per pound of $64 and 1,000 direct manufacturing labor-hours at an average wage of $30.50 per hour.
1.) June’s direct material flexible-budget variance is .
a.) $7,200 unfavorable
b.) $600 favorable
c.) $1,600 unfavorable
d.) $500 favorable
Answers: 3
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