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 2013, RII estimated the following standard costs for one of their major products, the 10-litre plastic container.
During June, 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 price variance is

• A) $980 unfavourable.
• B) $1,000 favourable.
• C) $680 favourable.
• D) $980 favourable.
• E) $1,000 unfavourable.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness of global economies, cultures, and populations.

Sexual Activity

Behaviors that involve the genital organs and can include intercourse, as well as other forms of physical intimacy and expression.

Risk Society

A societal concept where modern societies are increasingly preoccupied with the future and also with safety, leading to the management of previously unforeseen risks.

Acknowledgement

is the act of recognizing or admitting the existence, truth, or validity of something, often as a form of validation or respect.