Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. demizio valley orchards, inc. (dvo), developed sta

Demizio Valley Orchards, Inc. (DVO), developed standard costs for direct material and direct labor. In...

80.2K

Verified Solution

Question

Accounting

image
Demizio Valley Orchards, Inc. (DVO), developed standard costs for direct material and direct labor. In 2015, DVO estimated the following standard costs for one of their most well loved products, the DVO classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and mince ingredients in addition to the apples. Budgeted price Direct materials Direct labor Budgeted quantity 2.0 pounds 0.20 hours $6.25 per pound $13.00 per hour During September, DVO produced and sold 1,100 pies using 2,100 pounds of direct materials at an average cost per pound of $6.00 and 200 direct labor hours at an average wage of $13.50 per hour. a) The direct material price variance during September is ? b) The direct material efficiency variance during September is ? c) The direct labor price variance during September is? d) The direct labor efficiency variance during September is

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You are developing a new drug to treat Major Depressive Disorder (MDD). You know that patients...

Medical Sciences
Q

RESEARCH SUMMARY A researcher is interested in the relationship between watching TV and cognitive achievement. Cognitive achievement...

Psychology
Q

Explain using several examples, what types of cases the Supreme Court of Erie County and the...

Operations Management
Q

27 Which structure below is appropriate for glycine at neutral pH A H3NCH2C00 C H2NCH2COO...

Biology
Q

NTS Section Submit Graded Questions Darwinian Snails OA new food source must suddenly appea One...

Biology
Q

experiment the slit separation d is 0 3 mm and the screen distance D is...

Physics
Q

(1 point) A baseball player has a lifetime batting average of 0.238. If, in a...

Basic Math
Q

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $796,600....

Accounting
Q

Recording a sales-type lease with a selling profit is similar to recording: Multiple...

Accounting
Q

A CAREFULLY DOE COMPUTERIZED ANALYSIS SHOULD BE SUFFICIENT FOR MOST FORECASTS. TRUE OR FALSE. WHY?

Accounting
Q

plete copy A of Form W-2 for each of the four employees. State wages were...

Accounting
Q

Assume a corporation has just paid a dividend of $4.35 per share. The dividend is...

Finance