The following information is available for Bramble's Chocolates: Actual production 3,750 boxes Budgeted production 3,490 boxes...
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The following information is available for Bramble's Chocolates: Actual production 3,750 boxes Budgeted production 3,490 boxes Direct Materials Standard 3 pounds of chocolate per box @ $5.00 per pound Actual 9,600 pounds purchased @ $5.10 per pound 10,100 pounds used (a) Calculate the direct materials price and quantity variances. $ Direct material price variance Favorable $ Neither Favorable nor Unfavorable Direct material quantity variance Unfavorable The following information is available for Bramble's Chocolates: Actual production 3,750 boxes Budgeted production 3,490 boxes Direct Materials Standard 3 pounds of chocolate per box @ $5.00 per pound Actual 9,600 pounds purchased @ $5.10 per pound 10,100 pounds used (a) Calculate the direct materials price and quantity variances. $ Direct material price variance Favorable $ Neither Favorable nor Unfavorable Direct material quantity variance Unfavorable
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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