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Question 2 O pts Answer questions 2-3 using the information below: Genent Industries,...

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Accounting

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Question 2 O pts Answer questions 2-3 using the information below: Genent Industries, Inc. (GII), developed standard costs for direct labor. In 2019, GIl estimated the following standard costs for one of their major products, the 30- gallon heavy-duty plastic container. Budgeted quantity Budgeted price Direct labor 0.20 hours $12 per hour During July, GIl produced and sold 3,000 containers using 625 direct manufacturing labor hours at an average wage of $11.75 per hour. The direct labor efficiency variance for October was $300.00 unfavorable $156.25 favorable $143.75 favorable O $131.75 unfavorable The direct labor price variance for October was 0 $375.00 unfavorable O $156.25 favorable O $243.75 favorable 0 $1,000 unfavorable

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