Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E11-20A (similar to) Last month, Booth Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. B

image text in transcribedimage text in transcribed

E11-20A (similar to) Last month, Booth Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. B Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) Medium Direct materials information speed bump 16 2.50 $ 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 $ $ $ 3.10 1,800 U 500 F Direct materials quantity variance Total direct material variance Number of units produced 200 i Data Table - X Direct materials information Medium speed bump Large speed bump ? Standard pounds per unit .. Standard price per pound ..... GA $ 3.10 Actual quantity purchased and used per unit .... 17 G A 16 2.50 ? 3.10 1,800 U 500 F 3.90 $ 6,800 U GA Actual price paid for material per pound Direct materials price variance .............. Direct materials quantity variance ............ Total direct material variance .... GA $ ? ? $ 3,700 u 500 Number of units produced .................. 200 Print Print Done Done

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

Introduction To Financial Accounting

Authors: CHARLES T. HORNGREN AND ET ALL.

11th Edition

9352862473, 978-9352862474

More Books

Students also viewed these Accounting questions