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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 material efficiency variance is:
Appetite
The natural desire to satisfy a bodily need, especially for food.
Cholesterol
A waxy, fat-like substance that's found in all cells of the body, important for the synthesis of vitamin D, steroid hormones, and bile acids.
Hypovolemic Thirst
Thirst resulting from low bodily fluid volume, typically due to blood loss, sweating, or dehydration.
Osmotic Thirst
Osmotic thirst is a sensation of thirst aroused by a high concentration of solutes in the body's fluids, leading to a drive to consume water to dilute these solutes.
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