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Author Question: Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In ... (Read 40 times)

ETearle

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on: Mar 6, 2021
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.

Budgeted quantityBudgeted price
Direct materials0.40 pounds$50 per pound
Direct labor0.50 hours$11 per hour

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 ________.
◦ $990.00 unfavorable
◦ $627.00 favorable
◦ $1,617.00 favorable
◦ $1,017.00 unfavorable
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by ETearle on Mar 6, 2021

skipfourms123

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Reply #1 on: Mar 6, 2021
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ETearle

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Reply 2 on: Mar 6, 2021
:D TYSM

Dominic

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Reply 3 on: Yesterday
Wow, this really help

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