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Help with Tamarisk question. Tamarisk Industries produces a cleaning product that works for the peskiest stains. It's pricey, but less expensive than hiring a professional
Help with Tamarisk question.
Tamarisk Industries produces a cleaning product that works for the peskiest stains. It's pricey, but less expensive than hiring a professional cleaning service. The managers at Tamarisk are conducting variance analysis at the end of January, the first month of the new fiscal year. Budgeted fixed-MOH costs for the year were $1,766,400. The company's standards for one gallon of cleaning solution are as follows, along with actual information for the month. Actual results for January: - 18,000 gallons were actually produced. - Cost of DM purchased was $236,250 for 10,500 gallons of solution. - DM used in production was 8,820 gallons. - Cost of DL was $86,490 for 5,580 DL hours worked. - Variable-MOH cost was $96,390 for 37,800 machine hours used. - Fixed-MOH cost was $156,870. Determine the DM,DL, and variable-MOH price and efficiency variances for the month. Determine the DM,DL, and variable- MOH price and efficiency variances for the monthStep by Step Solution
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