Question
Last month, Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. Data Table: Direct materials information
Last month, Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control.
Data Table:
Direct materials information | Medium speed bump | Large speed bump |
---|---|---|
Standard pounds per unit. . . . . . . . . . . . . . . . . . . . . | 15 | ? |
Standard price per pound. . . . . . . . . . . . . . . . . . . . . | $1.00 | $1.80 |
Actual quantity purchased and used per unit. . . . . . | ? | 16 |
Actual price paid for material per pound. . . . . . . . . . | $1.80 | $2.10 |
Direct materials price variance. . . . . . . . . . . . . . . . . | $1,120 U | $1,920 U |
Direct materials quantity variance. . . . . . . . . . . . . . . | 100 F | ? |
Total direct material variance. . . . . . . . . . . . . . . . | ? | $480 U |
Number of units produced. . . . . . . . . . . . . . . . . . . . | 100 | 400 |
Part 1
(Round your answers to two decimal places.)
| Medium | |
Direct materials information | speed bump | |
Standard pounds per unit | 15 | |
Standard price per pound | $1.00 | |
Actual quantity purchased and used per unit |
| |
Actual price paid for material per pound | $1.80 | |
Direct materials price variance | $1,120 | U |
Direct materials quantity variance | $100 | F |
Total direct material variance |
|
|
Number of units produced | 100 |
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