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Please solve this problem CoursHeroTranscribedText: Q5 - Variances Q5) Violet Inc. developed standard costs...

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Accounting

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CoursHeroTranscribedText: Q5 - Variances Q5) Violet Inc. developed standard costs for direct material and direct labor. In 2019, They estimated the following standard costs for one of their major products, the 20-gallon heavy-duty metal container. Budgeted quantity Budgeted price Direct materials 0.90pounds $50 per pound Direct labor 0.45 hours $30 per hour During December, they produced and sold 5,000 containers using 5,000 pounds of direct materials at an average cost per pound of $20 and 1,500 direct manufacturing labor hours at an average wage of $15.00 per hour. The direct manufacturing labor flexible-budget variance during December is

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