57:59 Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container. Direct materials Quantity 0.20 kilograms, Price=$25 per kilogram. Direct labour Quantity=0.10 hours, Price=$15 per hour. During July, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour. July's direct material efficiency variance is? Select one: O a. $4,800 unfavourable. O b. $4,800 favourable. O c. $2,200 favourable. O d. $5,000 unfavourable. O e. $5,000 favourable.

57:59 Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container. Direct materials Quantity 0.20 kilograms, Price=$25 per kilogram. Direct labour Quantity=0.10 hours, Price=$15 per hour. During July, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour. July's direct material efficiency variance is? Select one: O a. $4,800 unfavourable. O b. $4,800 favourable. O c. $2,200 favourable. O d. $5,000 unfavourable. O e. $5,000 favourable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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