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Exercise 6-13 The following information is available for Coady's Chocolates: Actual production 3,000 boxes Budgeted production 3,200 boxes Direct Materials Standard 2 pounds of chocolate
Exercise 6-13 The following information is available for Coady's Chocolates: Actual production 3,000 boxes Budgeted production 3,200 boxes Direct Materials Standard 2 pounds of chocolate per box @ $8 per pound Actual 7,000 pounds purchased @ $7.8 per pound 6,500 pounds used @ $7.8 per pound (a) Calculate the direct materials price and quantity variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter o for the amounts.) Direct material price variance Direct material quantity variance $
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