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(a) Calculate the direct materials price and quantity variances. (Round answers to 0 decimal places,...

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Accounting

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(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.) image

The following information is available for Coady's Chocolates: Actual production 3,000 boxes Budgeted production 3,200 boxes Direct Materials Standard Actual 2 pounds of chocolate per box @ $8 per pound 7,000 pounds purchased @ $7.8 per pound 6,500 pounds used @ $7.8 per pound Direct material price variance Direct material quantity variance $

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