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The following information is available for Coronado's Chocolates: Actual production 2.650 boxes Budgeted production 3.870 boxes Direct Materials Standard 4 pounds of chocolate per box

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The following information is available for Coronado's Chocolates: Actual production 2.650 boxes Budgeted production 3.870 boxes Direct Materials Standard 4 pounds of chocolate per box @ $6.00 per pound Actual 9.400 pounds purchased @ $6.10 per pound 9.900 pounds used (a) Calculate the direct materials price and quantity variances. Direct material price variance $ Direct material quantity variance

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