Question: Standards are as follows. Additional master budget information: Lisa Baldwin was a bit anxious as she created the year-end performance reports. She remembered how management

a bit anxious as she created the year-end performance reports. She remembered

how management had hoped the econony would make a favorable turn, taking

Standards are as follows. Additional master budget information: Lisa Baldwin was a bit anxious as she created the year-end performance reports. She remembered how management had hoped the econony would make a favorable turn, taking pressure off comsumers so they'd feel more comfortable spending on the company's splurge item-a haxurious hooded cotton robe. Alas, actusl production and sales ended at 6,000 units, a whopping 1,000 units sty of the company's original budget. The following information presents the company's actual income statement and other key information for Lisa. Break down the DM fexible budget variance into the price and efficiency variances. How many yards of DM did the company expect it would use for actual production? DMpricevariance DM efficiency variance Expected DM use yards

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