Use the Information Below to Answer the Following Question(s)

question 131

Multiple Choice

Use the information below to answer the following question(s) .Robb Industries Inc.(RII) , developed standard costs for direct material and direct labour.In 2019, RII estimated the following standard costs for one of their major products, the 10-litre plastic container. During June 2020, RII produced and sold 5,000 containers using 490 kilograms of direct materials at an average actual cost per kilogram of $32 and 250 direct manufacturing labour-hours at an average actual wage of $15.25 per hour.
-June's direct material efficiency variance is

• A)$320 unfavourable.
• B)$300 favourable.
• C)$680 favourable.
• D)$300 unfavourable.
• E)$320 favourable.

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Definitions:

Growth Stage

Represents a phase in the lifecycle of a business or product characterized by rapid revenue and customer base expansion, often accompanied by increasing operational complexities.

First-mover Advantage

The competitive edge gained by a company that first introduces a product or service to the market, capitalizing on the opportunities before others.

Industry

The sector of the economy characterized by the production and manufacture of goods or the provision of services within a particular area of specialization.

Niche Market

A specialized segment of the market for a particular kind of product or service with specific customer needs.