Question: can someone explain how this answer was found? Johnson Co. makes organic non-GMO vegetable seed packets for the chef/gardener market. The standard material is 0.80

can someone explain how this answer was found? can someone explain how this answer was found? Johnson Co. makes organic

Johnson Co. makes organic non-GMO vegetable seed packets for the chef/gardener market. The standard material is 0.80 ounces per seed packet at a cost of $0.70 per ounce. Johnson Co. budgeted to make 65,000 seed packets but due to high demand, they ended up making 74,000 packets. They paid $42,000 for 60,000 ounces of seed and used all but 3,000 ounces of this purchase in production during the period. What is their material efficiency varlance for this period? Enter a favorable variance is a positive number and an unfavorable variance as a negative number. Answer: 1540

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