I tried many times and couldn't get right answer, could you show me the right answer with an explanation by steps? 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 quantity0.60 poundsBudgeted price$20 per pound$14 per hourDirect materialsDirect labor0.30 hoursDuring July, Gll 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 isO A. $1,260 unfavorableO B. $1,647 unfavorableC. $900 favorableD. $3,300 favorable

Direct Manufacturing labor flexible budget variance =Budgeted labor cost-Actual labor cost Budgeted…

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 quantity Budgeted price $20 per pound $14 per hour Direct materials 0.60 pounds Direct labor 0.30 hours During July, Gll 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 O A. $1,260 unfavorable O B. $1,647 unfavorable OC. $900 favorable O D. $3,300 favorable

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 quantity Budgeted price $20 per pound $14 per hour Direct materials 0.60 pounds Direct labor 0.30 hours During July, Gll 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 O A. $1,260 unfavorable O B. $1,647 unfavorable OC. $900 favorable O D. $3,300 favorable

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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