Candy Stores Inc.gives you the following information: The standard material cost is $7 per pound for a 15 pound bag of chocolate.The following is the actual cost and usage data:
Using the above information provided for Candy Stores.
-Compute the direct materials variance for Candy Stores.
A) $186,000 (U)
B) $144,000 (F)
C) $186,000 (F)
D) $42,000 (U)
Correct Answer:
Verified
Q61: A summary of expected costs for a
Q68: The formula used to compute budgeted total
Q70: Lucas Company has set standards for the
Q71: If a company's flexible budget formula is
Q73: Choco Sweet Inc.gives you the following information:
Q74: Variance analysis includes all of the following
Q75: The Lennon Company uses a standard costing
Q76: Choco Sweet Inc.gives you the following information:
Q78: If the actual amount of direct materials
Q80: Candy Stores Inc.gives you the following information:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents