Question
candy stores Inc gives you the following information. the standard material cost is $7 per pound for a 15 pound bag of chocolate. the following
candy stores Inc gives you the following information. the standard material cost is $7 per pound for a 15 pound bag of chocolate. the following is the actual cost and usage data:
Direct materials purchased and used: 186,000 pounds Price paid for direct materials: $6 per pound Number of bags produced: 12,000 units
a) using the information above provided for candy stores, compute the direct materials price variance for candy stores
b) using the information above provided for candy stores, compute the direct materials quantity variance for candy stores
c) using the information above provided for candy stores, compute the direct materials variance for candy stores.
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