Multiple Choice
Grub Chemical Corporation has developed cost standards for the production of its new chocolate, ChocO. The variable cost standards below relate to each 10 gallon batch of ChocO: 
Variable manufacturing overhead at Grub is applied based on direct labor-hours. The actual results for last month were as follows:
What is ChocO's materials (milk chocolate) price variance?
A) $56 Favorable
B) $450 Favorable
C) $502 Unfavorable
D) $740 Unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
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