The following information is available for Chads Chocolates: Actual production 3,070 boxes Budgeted production 3,550...
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Accounting
The following information is available for Chads Chocolates:
Actual production 3,070 boxes
Budgeted production 3,550 boxes
Direct Materials Standard 1.5 pounds of chocolate per box @ $8.02 per pound Actual 6,620 pounds purchased @ $7.53 per pound 5,045 pounds used @ $7.53 per pound
(a) Calculate the direct materials quantity variances.
Direct material quantity variance $ ?
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