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Blossom Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price
Blossom Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Throughout the year, Blossom used 34,840 square yards of fabric in the process of making 3,350 tents. The company had originally planned to produce and sell 3,100 tents, In keeping with its desire to hold some DM Inventory at year-end, it purchased 36,900 square yards of canvas at $4.15 per square yard. Blossom's DL cost totaled $64,722 for the 4,623 hours that were actually used. (a) Determine Blossom's DM and DL price and efficiency variances; specify the amount and sign for all
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