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STI Industries manufactures two types of industrial staplers, small and regular. During October, STI purchased direct materials to produce its staplers. The quantity purchased equaled
STI Industries manufactures two types of industrial staplers, small and regular. During October, STI purchased direct materials to produce its staplers. The quantity purchased equaled the quantity used. Related information for direct materials is as follows: Direct materials Standard ounces per unit Standard price per ounce Actual quantity purchased (used) per unit Actual price per ounce Materials price variance Materials usage variance Total materials variance Number of units produced Small Stapler 12 $2.00 $2.50 $1,000 U $800 F b 200 Regular Stapler C $2.50 16.75 $2,80 $2,010 U d $1,260 U 400 Required: Complete the above table. That is, clearly label and show your detailed calculations of items a b, c, and d.
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