Refer to the Elegant Designs data set. Elegant Designs is a manufacturer of large flower pots for
Question:
Elegant Designs is a manufacturer of large flower pots for urban settings. The company has these standards:
Elegant Designs allocates fixed manufacturing overhead to production based on standard direct labor hours. Last month, Elegant Designs reported the following actual results for the production of 1,600 flower pots:
Requirements
1. Compute the direct material price variance and the direct material quantity variance.
2. Who is generally responsible for each variance?
3. Interpret the variances.
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