Vaughn Corp. purchased 2,950 pounds of flour in preparation for making its biscuit mix. Every package...
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Vaughn Corp. purchased 2,950 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 $0.50 per pound. The production department used 2,740 pounds of the flour in producing 530 packages of biscuit mix. If the purchasing department paid $1,622.50 for the initial flour purchase, what was the company's DM price variance? (Round answer to 2 decimal places, e.g. 15.25.) DM price variance $ Vaughn Corp. purchased 2,950 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 $0.50 per pound. The production department used 2,740 pounds of the flour in producing 530 packages of biscuit mix. If the purchasing department paid $1,622.50 for the initial flour purchase, what was the company's DM price variance? (Round answer to 2 decimal places, e.g. 15.25.) DM price variance $
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The DM price variance measures the difference between the actual cost of the direct materials ... View the full answer
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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