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The following information is available for Crane's Chocolates: Actual production 4,500 boxes Budgeted production 3,200 boxes Direct Materials Standard 2 pounds of chocolate per box
The following information is available for Crane's Chocolates: Actual production 4,500 boxes Budgeted production 3,200 boxes Direct Materials Standard 2 pounds of chocolate per box @ $ 4.00 per pound Actual 7,500 pounds purchased @ $ 4.10 per pound 8,000 pounds used (a) Calculate the direct materials ice and quantity variances. $ 800 Unfavorable Direct material price variance $ 6400 Favorable Direct material quantity variance
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