Assume industry data is your benchmark. What are the price and efficiency variances for direct materials and direct labor for each company? What is the percentage over standard by company and by variance?
Your supervisor has asked you to prepare some calculations based on the company’s data and then research publicly available similar competitor information to see how your company is performing within the industry. Your company, CarryIt Inc., produces mass quantity, in expensive tote bags for promotional marketing purposes, which is a very competitive business. Here is […]