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Question - Robb Industries Inc. (RII), developed standard costs for direct material and direct labor. In 2019, RII estimated the following standard costs for one of their major? products, the 10-liter plastic container.
Budgeted Quantity:
Direct Materials: 0.10 kilograms
Direct Labour: 0.5hours
Budgeted Price:
Direct Materials: $30 per kilogram
Direct Labour: $ 15 per hour
During June 2020, 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 labor-hours at an average actual wage of $15.25 per hour.
Required - What the June's direct material flexible-budget variance?
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