Answer the Following Questions Using the Information Below

question 29

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 flexible-budget variance is:

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

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Definitions:

Positive Symptoms

In psychiatry, symptoms that are added to a person's behavior, such as hallucinations or delusions seen in schizophrenia, unlike negative symptoms that involve a loss of functions.

Schizophrenia

A psychiatric disorder characterized by disturbances in thought, perception, and behavior, including delusions, hallucinations, and disorganized speech.

Pregnant

A state of carrying a developing embryo or fetus within the female body.

Odds

A measure of the likelihood of a particular outcome, compared to the likelihood of alternative outcomes.