Grace Company is a manufacturer of candles. The standard direct materials quantity required to produce one large candle is 1 pound at a cost of $5 per pound. During November, 2015, 7,200 large candles were produced using 7,500 pounds of direct materials which cost $45,000.
Using the format below, prepare an analysis of the direct materials variances.

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The Answer of Grace Company is a manufacturer of candles. The standard direct materials quantity required to produce one large candle is 1 pound at a cost of $5 per pound. During November, 2015, 7,200 large candles were produced using 7,500 pounds of direct materials which cost $45,000.
Using the format below, prepare an analysis of the direct materials variances.

Grace Company Is a Manufacturer of Candles