One of the products of hearts & flowers is a one-pound boxof chocolate candy, Packaged...
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Accounting
One of the products of hearts & flowers is a one-pound boxof chocolate candy, Packaged in a box bearing the customerslogo (minimum order, 100 boxes). The standard cost of the chocolatecandy used is $2 per pound. During November, 20,000 of theseone-pound boxes were produced, requiring 20,800 pounds of chocolatecandy at a total direct materials cost of $42,640.
Determine the materials price and quantity variances for Novemberwith respect to the candy used in producing this product.
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