The following information is available for Coady's Chocolates: Actual production ............3,000 boxes Budgeted production ......3,200 boxes Direct

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The following information is available for Coady's Chocolates:

Actual production ............3,000 boxes

Budgeted production ......3,200 boxes

Direct Materials

Standard ..................... 2 pounds of chocolate per box @ $8.00 per pound

Actual ....................... 7,000 pounds purchased @ $7.80 per pound

6,500 pounds used @ $7.80 per pound

Required

a. Calculate the direct materials price and quantity variances.

b. What might have caused the variances you calculated?

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Managerial Accounting

ISBN: 978-1119343615

3rd edition

Authors: Charles E. Davis, Elizabeth Davis

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Question Posted: Apr 22, 2017 03:26 AM

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The following information is available for Coady's Chocolates: Actual production ............3,000 boxes Budgeted production ......3,200 boxes Direct

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