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20. Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls.
- 20. Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: What is the direct material quantity variance for plastic in the dolls?
$378 favorable $1,422 favorable $378 unfavorable $1,422 unfavorable
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Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Product Names Ste e1 Plastic Direct materials information Standard pounds per unit 1 1b. 0.51b. Standard Price (SP) per pound $1.50 ? ActualQuantity (AQ) used per unit 1.5 lbs. 0.?5 lbs. Actual Price (AP) paid for material $1.25 $2 00 ActualQuantity Purchased (AQP) and used 2500 lbs. 1,200 lbs. Prioe variance ? $900 F Quantity variance $206 U ? Flexible budget variance ? $522 F Number of units produced 225 550 What is the direct material quantity variance for plastic in the dolls? (T'- $3?B favorable KT. $1.422 favorable re. $3?E unfavorable r\". $1.422 unfavorableStep by Step Solution
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