Calculate the direct materials price and quantity variances

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Reference no: EM133016528

Question - The following information is available for Concord's Chocolates:

Budgeted production 3,900 boxes

Direct Materials Actual 9,100 pounds purchased @ $4.10 per pound

Actual production 5,100 boxes

Standard 2 pounds of chocolate per box @ $4.00 per pound

9,600 pounds used

Required - Calculate the direct materials price and quantity variances.

Reference no: EM133016528

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