Matthew, the production manager, was pleased at the company's income statement results. Actual DL cost was only $65,540, compared to the budgeted $73,600, while actual sales volume came in 200 units below original projections. The company actually used 2,900 DL hours to make the 1,400 units produced and sold. Each unit was budgeted to take 2 DL hours; each DL hour was budgeted at $23.00 per hour. Calculate the company's DL price and DL efficiency variances. (Round intermediate calculations to to 2 decimal places, e.g. 15.25 and find answers to O decimal places, e.g. 5,125.) DL price variance DL efficiency variance $ $ Favorable Unfavorable Neither Favorable nor Unfavorable

Matthew, the production manager, was pleased at the company's income statement results. Actual DL cost was only $65,540, compared to the budgeted $73,600, while actual sales volume came in 200 units below original projections. The company actually used 2,900 DL hours to make the 1,400 units produced and sold. Each unit was budgeted to take 2 DL hours; each DL hour was budgeted at $23.00 per hour. Calculate the company's DL price and DL efficiency variances. (Round intermediate calculations to to 2 decimal places, e.g. 15.25 and find answers to O decimal places, e.g. 5,125.) DL price variance DL efficiency variance $ $ Favorable Unfavorable Neither Favorable nor Unfavorable

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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