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. 
Definitions:
Contributions
The act of giving or adding something to a common pool, or an individual’s involvement or role in bringing about a result.
Employment Relationship
The formal or informal arrangement between an employer and an employee that specifies the terms of employment, including responsibilities, work hours, and compensation.
Job Performance
The level of effectiveness and efficiency with which an individual or group completes tasks within their job role.
Key Factors
Critical elements or conditions that are necessary for a particular process or outcome to occur.
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