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: Direct materials purchased and used 186,000 pounds Price paid for direct materials $6.00 per pound Number of bags produced 12,000 units Using the above information provided for Candy Stores, compute the direct materials
price variance for Candy Stores.
A) $186,000 (F)
B) $186,000 (U)
C) $42,000 (F)
D) $42,000 (U)
A
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The ____________________ provides a separate record of the cost of each individual product or group of products that is produced
Fill in the blank(s) with correct word
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