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	7,680	bags
Actual cost of material purchased and used	$23,280
Standard material allowed	0.5	square yard per bag
Material quantity variance	$960	U
Standard price per yard of material	$6
Actual hours worked	15,616	hours
Standard labor time per bag	2	hours
Labor rate variance	$2,342	F
Standard labor rate per hour	$17

Antari asked Sweet to provide the following information: a. Standard quantity of material allowed for November production Answer square yards b. Standard direct labor hours allowed for November production Answer standard hours allowed c. Material price variance Note: Do not use a negative sign with your answer.

Material price variance	Answer	AnswerFavorableUnfavorableNeither favorable or unfavorable

d. Labor efficiency variance Note: Do not use a negative sign with your answer.

Labor efficiency variance	Answer	AnswerFavorableUnfavorableNeither favorable or unfavorable

e. Standard prime (direct material and direct labor) cost to produce one travel bag $Answer f. Actual cost to produce one travel bag in November Note: Round your final answer to two decimal places. $Answer

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