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Author Question: Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In ... (Read 24 times)

ETearle

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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 materials0.40 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


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Marked as best answer by ETearle on Mar 6, 2021

skipfourms123

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ETearle

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


okolip

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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