Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct materials price variance. $$\begin{array} { l l }
\text { Direct materials purchased and used } & 99,000 \text { pounds } \
\text { Price paid far direct materials } & \$ 4.00 \text { per pound } \
\text { Number of good urits produced } & 9,000 \text { urits }
\end{array}$$

Question

Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct materials price variance. $$\begin{array} { l l } 
\text { Direct materials purchased and used } & 99,000 \text { pounds } \
\text { Price paid far direct materials } & \$ 4.00 \text { per pound } \
\text { Number of good urits produced } & 9,000 \text { urits }
\end{array}$$

Quizplus · Accepted Answer

The Answer of Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct materials price variance. $$\begin{array} { l l } 
\text { Direct materials purchased and used } & 99,000 \text { pounds } \
\text { Price paid far direct materials } & \$ 4.00 \text { per pound } \
\text { Number of good urits produced } & 9,000 \text { urits }
\end{array}$$

Using the Standard Costs of $5 Per Pound for a 10