Question 12 Candy Stores Inc. gives you the following information The standard material cost is $ 7 per pound for a 15 pound bag of chocolates The following is the actual cost and usage data: Direct materials purchased and used 186.000 pounds Price paid for direct materials $6.00 per pound Number of bags produced 12. 000 units Using the above information provided for Candy Stores. compute the direct materials variance for Candy Stores