QUESTION 29 Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and data, compute the direct materials price variance if the standard quantity was 10 pounds per unit. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9000 units $99,000 (Favorable) $54,000 (Favorable) $45,000 (unfavorable) $45,000 (favorable)