DM variances In November, DayTime Publishing Companys costs and quantities of paper consumed in manufacturing...
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Accounting
DM variances In November, DayTime Publishing Companys costs and quantities of paper consumed in manufacturing its annual collegiate calendar were as follows:
Actual unit purchase price
$0.13
per page
Standard unit price
$0.14
per page
Standard quantity for good production
156,640
pages
Actual quantity purchased during November
184,000
pages
Actual quantity used in November
160,000
pages
a. Calculate the total cost of purchases for November. $Answer b. Compute the material price variance (based on quantity purchased).
Note: Do not use a negative sign with your answer.
Note: Round your final answers to the nearest whole dollar.
$Answer AnswerFavorableUnfavorableNeither favorable or unfavorable c. Calculate the material quantity variance.
Note: Do not use a negative sign with your answer.
Note: Round your final answers to the nearest whole dollar.
$Answer AnswerFavorableUnfavorableNeither favorable or unfavorable
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