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Last month, Baxter Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control (Click the icon
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 Large Direct materials information speed bump speed bump Standard pounds per unit 16 Standard price per pound $ 2.00 $ 2.70 Actual quantity purchased and used per unit 15 Actual price paid for material per pound $ 2.70 $ 3.40 Direct materials price variance $ 4,550 U $ 7,350 U Direct materials quantity vanance Total direct material variance Number of units produced $ 3,000 F $ 3,570 U 500 700
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