Boxes Company has collected the following data for one of its products:Direct materials standard (3 pounds per unit @ $1/lb.) $3 per finished good Direct materials flexible budget variance-unfavorable $14,000
Actual direct materials used 100,000 pounds Actual finished goods produced 25,000 units
1. What is the total actual cost of the direct materials used?
2.What is the actual cost of the direct materials used per pound?
3.How much is the direct materials efficiency variance?
4.How much is the direct materials price variance?