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.
A) $45,000 (
B) $45,000 (
C) $54,000 (
D) $99,000 (

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. 
A) $45,000 (
B) $45,000 (
C) $54,000 (
D) $99,000 (

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. 
A) $45,000 (
B) $45,000 (
C) $54,000 (
D) $99,000 (

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