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concord corp purchased 2,900 pounds of flour in preparation for making its biscuit mix. Every package of mix is expected to use 5 pounds of
concord corp purchased 2,900 pounds of flour in preparation for making its biscuit mix. Every package of mix is expected to use 5 pounds of flour, with flour budgeted at $0.60 per pound. The production department used 2,720 pounds of the flour in producing 525 packages of biscuit mix. If purchasing department paid $1,885.00 for the initial flour purchase, what was the company's DM price variance
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