Determine the materials price and quantity variances for

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Reference no: EM13482090

One of the products of hearts & flowers is a one-pound boxof chocolate candy, Packaged in a box bearing the customer's logo (minimum order, 100 boxes). The standard cost of the chocolate candy used is $2 per pound. During November, 20,000 of these one-pound boxes were produced, requiring 20,800 pounds of chocolate candy at a total direct materials cost of $42,640.

Determine the materials price and quantity variances for November with respect to the candy used in producing this product.

Reference no: EM13482090

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