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The following information is available for Sheffield's Chocolates: Actual production 2,800 boxes Budgeted production 3.570 boxes Direct Materials Standard 4 pounds of chocolate per box
The following information is available for Sheffield's Chocolates: Actual production 2,800 boxes Budgeted production 3.570 boxes Direct Materials Standard 4 pounds of chocolate per box @ $7.00 per pound Actual 9,800 pounds purchased @ $7.10 per pound 10,300 pounds used (a) Calculate the direct materials price and quantity variances. $ Direct material price variance $ Direct material quantity variance
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