Genent Industries,Inc

question 46

Multiple Choice

Genent Industries,Inc.(GII) ,developed standard costs for direct material and direct labor.In 2017,GII estimated the following standard costs for one of their major products,the 30-gallon heavy-duty plastic container.

During July,GII produced and sold 4,000 containers using 1,350 pounds of direct materials at an average cost per pound of $48 and 2,450 direct manufacturing labor hours at an average wage of $12.25 per hour.
July's direct material flexible-budget variance is ________.

• A)$4,800 unfavorable
• B)$7,500 favorable
• C)$9,900 unfavorable
• D)$0

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Definitions:

Omni-Channel Retail

A retail strategy that provides customers with a seamless shopping experience across various channels and devices.

Tangible Goods

Physical items that can be seen, touched, and possessed, distinct from services or digital products, and central to traditional economic exchange.

Response Time

The duration between when a customer request is made and when it is fulfilled, which is critical for customer satisfaction.

Vanquished Competitor

A competitor that has been thoroughly defeated or overcome, often no longer able to compete in the market.