Answer the Following Questions Using the Information Below

question 17

Multiple Choice

Answer the following questions using the information below:
Diana Industries, Inc. (DII) , developed standard costs for direct material and direct labor. In 2010, DII 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.
-June's direct material efficiency variance is:

• A)$1,860 unfavorable
• B)$600 favorable
• C)$1,360 favorable
• D)None of these answers are correct.

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Definitions:

Limitations

Restrictions or boundaries that define the scope of a project, study, or endeavor, marking what is beyond the reach or capabilities.

Social Identity Theory

A psychological theory that explains how individuals categorize themselves and others into various social groups and how these group identifications influence their behavior and perceptions.

Stages

Distinct phases within a process or lifecycle characterized by unique features, challenges, and goals.

Rewards

Incentives or benefits given to individuals or groups to recognize and motivate specific achievements or behaviors.