grace company manufactures candles. the standard direct materials quantity required to produce one large candle is on pound at a cost of $5 per pound. during November, 2015, 7,200 large candles were produced using 7,500 pounds of direct materials which cost $45,000. using the formula chart below, prepare an analysis of the direct materials variances.

AC x AQ SC x AQ SC x SQ

Cost Variance Efficiency Variance

Total Direct Materials Varience