Grace Company manufactures candles.The standard direct materials quantity required to produce one large candle is one 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.

Question

Quizplus · Accepted Answer

The Answer of Grace Company manufactures candles.The standard direct materials quantity required to produce one large candle is one 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 Manufactures Candles