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Davy Industries developed standard costs for direct material and direct labor. In 2017. Davy estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted Quantity Budgeted Price DM 0.15 pounds $31.00 per pound DL 0.06 hours $14.00 per hour During June, Davy produced and sold 5.000 containers using 490 pounds of direct materials at an average cost per pound of $32.00 and 244 direct manufacturing labor-hours at an average wage of $15.00 per hour. The Direct Material Flexible Budget Variance is closest to $7570 F $7570 U $540U O $540 F Davy Industries developed standard costs for direct material and direct labor. In 2017, Davy estimated the following standard costs for one of their major products, the 10-gallon plastic container. DL Budgeted Quantity Budgeted Price DM 0.15 pounds $31.00 per pound 0.06 hours $14.00 per hour During June, Davy produced and sold 5,000 containers using 490 pounds of direct materials at an average cost per pound of $32.00 and 244 direct manufacturing labor-hours at an average wage of $15.00 per hour. The Direct Material Price Variance is closest to O $8060 F $8060 U $490 U $490 F Davy Industries developed standard costs for direct material and direct labor. In 2017, Davy estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted Quantity Budgeted Price DM 0.15 pounds $31.00 per pound DL 0.06 hours $14.00 per hour During June, Davy produced and sold 5,000 containers using 490 pounds of direct materials at an average cost per pound of $32.00 and 244 direct manufacturing labor-hours at an average wage of $15.00 per hour. The Direct Material Efficiency Variance is closest to O $8060 F 0 $8060 0 O $490 F 0 $490 U Davy Industries developed standard costs for direct material and direct labor. In 2017, Davy estimated the following standard costs for one of their major products, the 10-gallon plastic container, Budgeted Quantity Budgeted Price DM 0.15 pounds $31.00 per pound DL 0.06 hours $14.00 per hour During June, Davy produced and sold 5,000 containers using 490 pounds of direct materials at an average cost per pound of $32.00 and 244 direct manufacturing labor-hours at an average wage of $15.00 per hour. The Direct Labor Flexible Budget Variance is closest to O $540 F $540U $7,570 F 0 $7,570 U Davy Industries developed standard costs for direct material and direct labor. In 2017, Davy estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted Quantity Budgeted Price DM 0.15 pounds $31.00 per pound DL 0.06 hours $14.00 per hour During June, Davy produced and sold 5,000 containers using 490 pounds of direct materials at an average cost per pound of $32.00 and 244 direct manufacturing labor-hours at an average wage of $15.00 per hour. The Direct Labor Rate Variance is closest to O $244 F $244 U O $784 F 0 $784 U Davy Industries developed standard costs for direct material and direct labor. In 2017. Davy estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted Quantity Budgeted Price DM 0.15 pounds $31.00 per pound DL 0.06 hours $14.00 per hour During June, Davy produced and sold 5,000 containers using 490 pounds of direct materials at an average cost per pound of $32.00 and 244 direct manufacturing labor-hours at an average wage of $15.00 per hour. The Direct Labor Efficiency Variance is closest to 097849 $784 F $244 U $244 F

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