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. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9,000 units
a. $45,000 (F)
b. $45,000 (U)
c. $54,000 (F)
d. $99,000 (F)
D
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