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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Answer the Following Questions Using the Information Below