The following information is available for Oriole's Chocolates: Actual production 4,850 boxes Budgeted production 3,640...
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The following information is available for Oriole's Chocolates: Actual production 4,850 boxes Budgeted production 3,640 boxes Direct Materials Standard Actual 2 pounds of chocolate per box @ $4.00 per pound 8.700 pounds purchased @ $4.10 per pound 9,200 pounds used (a) Calculate the direct materials price and quantity variances. $ Direct material price variance $ Direct material quantity variance
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