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DM & DL variances In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard
DM & DL variances In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard to November production of travel bags: November production Actual cost of material purchased and used $5,820 1,920 bags Standard material allowed 0.5 square yard per bag Material quantity variance $240 U Standard price per yard of material $6 Actual hours worked 3,904 hours Standard labor time per bag 2 hours Labor rate variance $586 F Standard labor rate per hour $17 Antari asked Sweet to provide the following information: a. Standard quantity of material allowed for November production 0 square yards b. Standard direct labor hours allowed for November production 0 standard hours allowed c. Material price variance Note: Do not use a negative sign with your answer. Material price variance $ d. Labor efficiency variance 0 Note: Do not use a negative sign with your answer. Labor efficiency variance $ 0 e. Standard prime (direct material and direct labor) cost to produce one travel bag $ 0 f. Actual cost to produce one travel bag in November Note: Round your final answer to two decimal places. $ 0
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