The following information is available for Chads Chocolates: Actual production......... 2,800 boxes Budgeted production...... 3,200 boxes Direct
Question:
The following information is available for Chad’s Chocolates:
Actual production......... 2,800 boxes
Budgeted production...... 3,200 boxes
Direct Materials
Standard ............1.5 pounds of chocolate per box @ $8.00 per pound
Actual ............6,000 pounds purchased @ $7.70 per pound
...............5,040 pounds used @ $7.70 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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a AQ AP AQ SP 6000 lbs purchased 770lb 6000 lbs purc...View the full answer
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Hemstone Ouma
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