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

Multiple Choice

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 quantity variance. $\begin{array}{lr}\text { Direct materials purchased and used}&\text {99,000 pounds }\\\text {Price paid for direct materials }&\text { \( \$ 4.00 \) per pound}\\\text {Number of good units prochuced }&\text {9,000 units }\\\end{array}$

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