Answered step by step
Verified Expert Solution
Question
1 Approved Answer
0 Question 27 2 pts Demizio Valley Orchards, Inc. (DVO), developed standard costs for direct material and direct labor. In 2015, DVO estimated the
0 Question 27 2 pts Demizio Valley Orchards, Inc. (DVO), developed standard costs for direct material and direct labor. In 2015, DVO estimated the following standard costs for one of their most well-loved products, the DVO classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and mince ingredients in addition to the apples. Direct materials Direct labor Budgeted quantity 2.0 pounds 0.20 hours Budgeted orice $6.25 per pound $13.00 per hour During September, DVO produced and sold 1.100 pies using 2,300 pounds of direct materials at an average cost per pound of $6.00 and 200 direct labor hours at an average wage of $13.25 per hour. a) The direct material price variance during September is b) The direct material efficiency variance during September is c) The direct labor price variance during September is, d) The direct labor efficiency variance during September is.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started