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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 to
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: Antari asked Sweet to provide the following information: a. Standard quantity of material allowed for November production x square yards b. Standard direct labor hours allowed for November production x standard hours allowed c. Material price variance Note: Do not use a negative sign with your answer. d. Labor efficiency variance Note: Do not use a negative sign with your answer. e. Standard prime (direct material and direct labor) cost to produce one travel bag $ f. Actual cost to produce one travel bag in November Note: Round your final answer to two decimal places. $x
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