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Question 50 Cainas Cookies gives you the following information regarding its caramel bars: Standard costs: Direct materials: 1 lbs, butter at $2.00 per Ib. Direct

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Question 50 Cainas Cookies gives you the following information regarding its caramel bars: Standard costs: Direct materials: 1 lbs, butter at $2.00 per Ib. Direct labor: 1hr. per batch, at $10 per batch Actual costs for 20 batches: Direct materials: Purchased and used 24 lbs of butter, for total cost of $45.60 Direct labor: Worked 18 hours for total cost of $216 What is the direct materials quantity variance? $2.40U $240 F O $8.00 O $8.00 F

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