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The following information is available for Vaughn's Chocolates: Actual production 2,850 boxes Budgeted production 3,520 boxes Direct Materials Standard Actual 4 pounds of chocolate

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The following information is available for Vaughn's Chocolates: Actual production 2,850 boxes Budgeted production 3,520 boxes Direct Materials Standard Actual 4 pounds of chocolate per box @ $6.00 per pound 9,700 pounds purchased @ $6.10 per pound 10,200 pounds used (a) Calculate the direct materials price and quantity variances. Direct material price variance Direct material quantity variance +A $ +A $ 1020 Unfavorable

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