Corp developed (budgeted) standard costs for DM and DL. In 2015, it estimated the following...
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Corp developed (budgeted) standard costs for DM and DL. In 2015, it estimated the following standard costs for one of his major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price Direct materials 0.30 pounds $20 per pound Direct labor 0.20 hours $12 per hour During July, it produced and sold 3,000 containers using 1,000 pounds of DM at an average cost per pound of $19 and 625 DLH at an average wage of $11.75 per hour. 4)July's direct material flexible-budget variance is how much ________. 5)The direct material price variance during July is how much ________. 6)The direct material efficiency variance during July is how much ________. 7)The direct manufacturing labor flexible-budget variance during July is how much ________. 8)The direct manufacturing labor price variance during July is how much ________. 9)The direct manufacturing labor efficiency variance during July is how much ________.
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