ACE CORP HAS THE FOLLOWING DL STANDARDS:

DLHRS/UNIT 1.25

DL COST/HR $32

ACE USED 21,780 DLHRS TO PRODUCE 18,000 UNITS. ACTUAL DL COSTS = $713,295.

WHAT IS THE AMOUNT OF THE DL PRICE VARIANCE? (1 POINT) ___________

IS THE VARIANCE FAVORABLE OR UNFAVORABLE? (1 POINT) ___________

REFER TO QUESTION 1. WHAT IS THE AMOUNT OF THE DL EFFICIENCY VARIANCE? (1 POINT) _________

IS THE VARIANCE FAVORABLE OR UNFAVORABLE? (1 POINT) __________