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Last month, Banner Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to
Last month, Banner 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.) Data table Medium Direct materials information speed bump Large speed bump Standard pounds per unit 11 Direct materials information Medium speed Large speed bump bump Standard price per pound $ 3.50 $ 4.20 Standard pounds per unit... 11 ? Actual quantity purchased and used per unit 14.5 Standard price per pound.. $ 3.50 $ 4.20 Actual price paid for material per pound $ 4.30 $ 4.60 Direct materials price variance 2,880 U $ 3,480 U Actual quantity purchased and used per unit Actual price paid for material per pound..... ? 14.5 4.30 $ 4.60 Direct materials quantity variance $ 2,800 F Total direct material variance Number of units produced $ 2,220 U Direct materials price variance..... Direct materials quantity variance. 400 600 Total direct material variance.. Number of units produced.. $2,880 U $2,800 F ? 400 $3,480 U ? $2,220 U 600 Print Done
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