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The following data were drawn from the records of Kersten Corporation Planned volume for year (static budget) 3,700 units 3.60 lbs. @$1.40 per pound Standard
The following data were drawn from the records of Kersten Corporation Planned volume for year (static budget) 3,700 units 3.60 lbs. @$1.40 per pound Standard direct materials cost per unit 3.50 hours @$3.50 per hour Standard direct labor cost per unit $13,690 Total expected fixed overhead costs Actual volume for the year (flexible budget) 3,800 units 3.10 lbs. @$1.90 per pound Actual direct materials cost per unit 3.60 hrs. @$3.00 per hour Actual direct labor cost per unit 9,190 Total actual fixed overhead costs Required: a. Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity. (Round "Standard price" and "Actual price" to 2 decimal places.) Materials Variance Information Table Amounts Standard price per pound Actual price per pound pounds Standard quantity for flexible budget Actual quantity used pounds
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