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Fowell ODurr Co manufactures an industrial insect repellent Wingblitz. Standard data for budgeted monthly production of 1,000 litres is as follows: Material
Material inventories are valued at standard price, and inventories for the month of June were as follows:
During June, 670 litres of Chemical W were purchased for $1,474 and 320 litres of Chemical P at a price of $1.60 per litre. 900 litres of repellent were produced in June. What is the direct materials mix variance for June (using individual valuation basis)? $________ Favourable (2 decimal places) |