CSUN Campus Web Portal Google Blackboand The Common Application sh Help Save&Exit Grubber Candy Corporation has developed standards for the production of ts new chocolate, ChocO. The variable cost standards below relate to each 0 gallon batch of Choco Standar Milk ehocolate (2 pounds$0.85 per pound) Direct labor (1.25 hours $12.00 per hour) Variable overhead (1.25 hours$44.00 per hour) Per Bat 1-70 15.00 $55.00 Variable manufacturing overhead at Grubber is applied based on direct labor-hours. The actual results for last month were as follows Number of batches Direct labor-hours incurred Pounds of chocolate parchased Pounds of chocolate used in production Cost of chocolate parchased Direct labor cost Variable manufacturing ovechead cost produc 3,800 4.510 9,000 7.880 s 7,200 53,218 $205,700 What is ChocO's materials (milk chocolate) price variance? C Prev 22 of 25Next MacBook Pro 8 6 commandopt