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Author Question: Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In ... (Read 99 times)

clippers!

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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 materials0.60 pounds$20 per pound
Direct labor0.30 hours$14 per hour

During July, GII produced and sold 4,000 containers using 2,700 pounds of direct materials at an average cost per pound of $19 and 1,290 direct manufacturing labor hours at an average wage of $14.30 per hour.

The direct manufacturing labor flexible-budget variance during July is ________.
◦ $1,260.00 unfavorable
◦ $900.00 favorable
◦ $1,647.00 unfavorable
◦ $3,300.00 favorable


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Marked as best answer by clippers! on Mar 6, 2021

todom5090

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clippers!

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Reply 2 on: Mar 6, 2021
Wow, this really help


meganmoser117

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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