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Genent Industries,Inc

Question 152

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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.
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. During July,GII produced and sold 4,000 containers using 1,700 pounds of direct materials at an average cost per pound of $15 and 3,225 direct manufacturing labor hours at an average wage of $15.25 per hour. The direct material price variance during July is ________. A) $20,000 unfavorable B) $8,500 favorable C) $8,500 unfavorable D) $2,000 unfavorable
During July,GII produced and sold 4,000 containers using 1,700 pounds of direct materials at an average cost per pound of $15 and 3,225 direct manufacturing labor hours at an average wage of $15.25 per hour.
The direct material price variance during July is ________.


A) $20,000 unfavorable
B) $8,500 favorable
C) $8,500 unfavorable
D) $2,000 unfavorable

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