The following information is available for Crane's Chocolates: Actual production 3,210 boxes Budgeted production 3,710 boxes...

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The following information is available for Crane's Chocolates: Actual production 3,210 boxes Budgeted production 3,710 boxes Direct Materials Standard 1.5 pounds of chocolate per box @ $8.00 per pound 6,920 pounds purchased @ $7.73 per pound Actual 4,975 pounds used @ $7.73 per pound (a) Calculate the direct materials price and quantity variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable and enter 0 for the amounts.) Direct material price variance Favorable Direct material quantity variance The following information is available for Crane's Chocolates: Actual production 3,210 boxes Budgeted production 3,710 boxes Direct Materials Standard 1.5 pounds of chocolate per box @ $8.00 per pound 6,920 pounds purchased @ $7.73 per pound Actual 4,975 pounds used @ $7.73 per pound (a) Calculate the direct materials price and quantity variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable and enter 0 for the amounts.) Direct material price variance Favorable Direct material quantity variance

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