Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last month, Bramble Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to

image text in transcribed
image text in transcribed
Last month, Bramble 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.) \begin{tabular}{|c|c|c|} \hline Direct materials information & \begin{tabular}{l} Medium speed \\ bump \end{tabular} & \begin{tabular}{l} Large speed \\ bump \end{tabular} \\ \hline Standard pounds per unit........ & 10 & ? \\ \hline Standard price per pound $ & 2.00$ & 2.40 \\ \hline Actual quantity purchased and used per unit & ? & 12.5 \\ \hline Actual price paid for material per pound......... & 2.60$ & 2.80 \\ \hline Direct materials price variance. & $960U & $2,000U \\ \hline Direct materials quantity variance & $800F & ? \\ \hline Total direct material variance.. & ? & $1,520 \\ \hline Number of units produced & 200 & 400 \\ \hline \end{tabular}

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

Connect For Financial Accounting Fundamentals

Authors: Author

8th Edition

126411169X, 9781264111695

More Books

Students also viewed these Accounting questions

Question

consider how quantitative data can contribute to your research;

Answered: 1 week ago

Question

draw appropriate conclusions based on your data.

Answered: 1 week ago

Question

make sense of basic terminology used in quantitative data analysis;

Answered: 1 week ago