Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 1 of 2 core: 0%, 0 of 10 points O Points: 0 of 1 Last month, Brentwood Corporation purchased and used the same

image text in transcribedimage text in transcribed

Part 1 of 2 core: 0%, 0 of 10 points O Points: 0 of 1 Last month, Brentwood 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.) Direct materials information Medium speed bump Standard pounds per unit 12 Standard price per pound $ 2.00 Actual quantity purchased and used per unit Actual price paid for material per pound $ $ 2.80 Direct materials price variance 1 $ 4,400 U $ 1,000 F Direct materials quantity variance Total direct material variance Number of units produced 500 (Round your answ Data table Direct materials i Standard pounds Standard price per Actual quantity pu Actual price paid f Direct materials pr Direct materials qu Total direct materi Number of units p Direct materials information Standard pounds per unit. Standard price per pound... Actual quantity purchased and used per unit Actual price paid for material per pound... Direct materials price variance... Direct materials quantity variance.. Total direct material variance.. Number of units produced. Print Done Medium speed Large speed bump bump 12 ? 2.00 $ 2.70 15.5 2.80 $ 3.30 $4,400 U $7,440 U $1,000 F ? $6,360 U 500 800

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

Accounting concepts and applications

Authors: Albrecht Stice, Stice Swain

11th Edition

978-0538750196, 538745487, 538750197, 978-0538745482

More Books

Students also viewed these Accounting questions