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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: bags November production 4,800 Actual cost of material purchased and used $14,550 Standard material allowed 0.5 $600 $6 9,760 2 square yard per bag U Material quantity variance Standard price per yard of material Actual hours worked Standard labor time per bag Labor rate variance Standard labor rate per hour Antari asked Sweet to provide the following information: a. Standard quantity of material allowed for November production X square yards hours hours $1,464 F $17 b. Standard direct labor hours allowed for November production 0 X standard hours allowed c. Material price variance Note: Do not use a negative sign with your answer. 0x Favorable Material price variance $ d. Labor efficiency variance Note: Do not use a negative sign with your answer. Labor efficiency variance $ 0x Unfavorable 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 X X J
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