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The following information is available for Chad's Chocolates: Actual production 3,040 boxes Budgeted production 3,460 boxes Direct Materials Standard 1.5 pounds of chocolate per box

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The following information is available for Chad's Chocolates: Actual production 3,040 boxes Budgeted production 3,460 boxes Direct Materials Standard 1.5 pounds of chocolate per box @ $8.1 per pound Actual 6,500 pounds purchased @ $7.6 per pound 5,440 pounds used @ $7.6 per pound Calculate the direct materials price and quantity variances. (Round answers to O decimal places, e.g. 125. Enter all amounts as positive values.) Direct material price variance $ Direct material quantity variance $

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