Bonita Corp. purchased 3,150 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 $0.55 per pound. The production department used 2,925 pounds of the flour in producing 565 packages of biscuit mix. If the purchasing department paid $1,890.00 for the initial flour purchase, what was Bonita's DM efficiency variance? (Round answer to 2 decimal places, e.g. 15.25.) DM efficiency variance Save for Later $ Attempts: 0 of 1 used Submit Answer

Bonita Corp. purchased 3,150 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 $0.55 per pound. The production department used 2,925 pounds of the flour in producing 565 packages of biscuit mix. If the purchasing department paid $1,890.00 for the initial flour purchase, what was Bonita's DM efficiency variance? (Round answer to 2 decimal places, e.g. 15.25.) DM efficiency variance Save for Later $ Attempts: 0 of 1 used Submit Answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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