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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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