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Exercise 6-13 The following information is available for Bonita's Chocolates: Actual production 2,950 boxes Budgeted production 3,450 boxes Direct Materials Standard Actual 1.5 pounds of
Exercise 6-13 The following information is available for Bonita's Chocolates: Actual production 2,950 boxes Budgeted production 3,450 boxes Direct Materials Standard Actual 1.5 pounds of chocolate per box$8.01 per pound 6,400 pounds purchased$7.75 per pound 5,055 pounds used $7.75 per pound (a) Calculate the direct materials price and quantity variances. (Round answers to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct material price variance Direct material quantity variance Click if you would like to Show Work for this question: Open Show Work
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