Question: Current Attempt in Progress Nash Corp. purchased 3 , 0 5 0 pounds of flour in preparation for making its biscuit mix. Every package of

Current Attempt in Progress
Nash Corp. purchased 3,050 pounds of flour in preparation for making its biscuit mix. Every package of mix is expected to use 5 pounds of flour, with flour budgeted at $0.45 per pound. The production department used 2,875 pounds of the flour in producing 555 packages of biscuit mix. If the purchasing department paid $1,525.00 for the initial flour purchase, what was Nash's DM efficiency variance? (Round answer to 2 decimal places, e.g.15.25.)
DM efficiency variance
$
Current Attempt in Progress Nash Corp. purchased

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!