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Oriole has direct materials (DM) standards of 2 pounds per unit at $4 per pound for its most popular toy. Last month, 5500 pounds
Oriole has direct materials (DM) standards of 2 pounds per unit at $4 per pound for its most popular toy. Last month, 5500 pounds of direct materials that actually cost $29900 were used to produce 3050 toy units. The direct materials (DM) efficiency variance for last month was $2400 unfavorable. $2400 favorable. $5500 unfavorable. $5500 favorable.
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
