Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ACC 241 Uses of Accounting Information II (1) Zach Walden & | 12/03/213:58 PM E Homework: HW #10 - Chapter 11 Question 7, E11-22A (si.

image text in transcribed

ACC 241 Uses of Accounting Information II (1) Zach Walden & | 12/03/213:58 PM E Homework: HW #10 - Chapter 11 Question 7, E11-22A (si. Part 1 of 2 HW Score: 0%, 0 of 10 points O Points: 0 of 1 0 Save Last month, Baxter Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control (Click the icon to view the table.) Complete the following table. . (Round your answers to two decimal places.) Medium X Data table speed bump 16 S 1.50 2 Direct materials information Standard pounds per unit Standard price per pound Actual quantity purchased and used per unit Actual price paid for material per pound Direct materials price variance Direct materials quantity variance Total direct material variance Number of units produced $ 1.80 S 900 U S 300 F Medium speed Large speed Direct materials information bump bump Standard pounds per unit. 16 Standard price per pound...... $ 1.50 $ 2.00 Actual quantity purchased and used per unit ........ ? ? 17 Actual price paid for material per pound S 1.80 $ 2.70 Direct materials price variance..... $900 U $3,570 U Direct materials quantity variance. $300 F ? Total direct material variance .. ? $2,370 U Number of units produced .. 200 300 200 Print Done Help me solve this Video Get more help Clear all Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions