Question
1.BILL CORP HAS THE FOLLOWING DM STANDARDS: POUNDS/UNIT2.8 COST/POUND$1.45 BILL BOUGHT 7,500 POUNDS FOR $11,100. BILL USED 4,200 POUNDS TO PRODUCE 1,600 UNITS. WHAT IS
1.BILL CORP HAS THE FOLLOWING DM STANDARDS:
POUNDS/UNIT2.8
COST/POUND$1.45
BILL BOUGHT 7,500 POUNDS FOR $11,100. BILL USED 4,200 POUNDS TO PRODUCE 1,600 UNITS. WHAT IS BILL'S DM PRICE VARIANCE? (AMOUNT AND FAV/UNFAV)
2.REFER TO PROBLEM ABOVE. WHAT IS BILL'S DM EFFICIENCY VARIANCE? (AMOUNT & FAV/UNFAV)
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
