Firelight Company manufactures candles.The standard direct materials quantity required to produce one large candle is one pound at a cost of $5 per pound.During November,7,200 large candles were produced using 7,500 pounds of direct materials that cost $45,000.
Using the format below,prepare an analysis of the direct materials variances. 
Definitions:
Crash Cost
The expense associated with reducing the time on a project activity or task, typically higher than normal costs, for faster completion.
Time Savings
The reduction in the amount of time needed to complete a task or activity, often resulting from efficiency improvements or technological advancements.
Activity Duration
The length of time required to complete a specific activity or task.
Crash Duration
The shortest possible time for which an activity or project phase can be scheduled after allocating the maximum amount of resources.
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