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

question 88

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 flexible-budget variance is

• A)$980 unfavourable.
• B)$300 favourable.
• C)$680 favourable.
• D)$980 favourable.
• E)$680 unfavourable.

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Definitions:

Corporate Strategies

The comprehensive approaches that businesses adopt to achieve their long-term objectives and secure a competitive advantage.

Single-product Enterprises

Businesses that focus on the production, promotion, and sale of a single type of product.

Mission Statement

A concise declaration of the core purpose and focus of a company, guiding its strategy, and decision-making processes.

Underlying Philosophy

The basic beliefs, concepts, and attitudes that form the foundation for a person's or organization's actions and decisions.