Use the following information to answer the last 6 questions…
Use the following information to answer the last 6 questions: Richey Inc. had the following budget information for 2019: Budgeted Quantity Budgeted Price Direct materials 0.25 pounds $15 per pound Direct labor 0.20 hours $20 per hour In the month of September, Richey Inc. manufactured and sold 10,000 plastic bins. Richey Inc. used 2000 pounds of material costing $31,000 and spent $22,800 on direct labor at an average rate of $19/hour.