Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Homework: Chapter 11 Practice HW Score: 0 of 1 pt 4 of 7 (6 complete) HW Score: E11-20A (book/static) Last month, Talley Corporation purchased and
Homework: Chapter 11 Practice HW Score: 0 of 1 pt 4 of 7 (6 complete) HW Score: E11-20A (book/static) Last month, Talley 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 Direct materials information speed bump 15 $ 1.00 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 1,120 u 100 F 100 i Data Table Direct materials information Medium speed bump Large speed bump $ 1.80 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.......... 15 $ 1.00 ? $ 1.80 $ 1,120 U $ 100F 16 2.10 1,920 U $ ? $ 480 U Number of units produced ............... 100 400 D Drint nond
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started