Answer the following questions using the information below: Diana Industries, Inc. (DII), developed standard costs...
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Accounting
Answer the following questions using the information below: Diana Industries, Inc. (DII), developed standard costs for direct material and direct labor. In 2010, Dil estimated the following standard costs for one of their major products, the 10-gallon plastic container. During June, DII produced and sold 10,000 containers using 980 pounds of direct materials at an average cost per pound of $32 and 500 direct manufacturing labor-hours at an average wage of $15.25 per hour. 27) June's direct manufacturing labor price variance is: A) $125 unfavorable 27) C) $125 favorable B) $7,623.50 unfavorable D) None of these answers are correct. 28) June's direct manufacturing labor efficiency variance is: A) $125 favorable B) $7,623.50 unfavorable 28) C) $125 unfavorable D) None of these answers are correct
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