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Answer the following questions using the information below:
Sawyer Industries, Inc. (SII) , developed standard costs for direct material and direct labor. In 2011, SII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container.
During July, SII produced and sold 5,000 containers using 1,100 pounds of direct materials at an average cost per pound of $24 and 525 direct manufacturing labor hours at an average wage of $14.75 per hour.
-July's direct manufacturing labor price variance is:
Q4: Generally Accepted Accounting Principles require that unitized
Q7: Variances between actual and budgeted amounts inform
Q38: July's direct manufacturing labor price variance is:<br>A)$375.00
Q54: In a standard costing system, a cost-allocation
Q104: The production volume variance arises only for
Q107: Kaizen budgeting does NOT make sense for
Q124: Budgeted fixed manufacturing costs of a product
Q125: An unfavorable variable overhead efficiency variance indicates
Q170: June's direct manufacturing labor efficiency variance is:<br>A)$125
Q209: Nittany Company sells three products with the