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Last month, Bramble 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.) Medium Direct materials information speed bump Standard pounds per unit 16 Standard price per pound $ 2.50 Actual quantity purchased and used per unit Actual price paid for material per pound $ 2.80 Direct materials price variance $ 1.800 U $ 1,000 F Direct materials quantity variance Total direct material variance Number of units produced 400 Data table 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... Medium speed Large speed bump bump 16 2.50 $ 2 3.30 ? 17 2.80 $ 4.00 $1,800 U $1,000 F $7,140 U ? ? 400 $5,160 U 600 Print Done

Last month, Bramble 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.) Medium Direct materials information speed bump Standard pounds per unit 16 Standard price per pound $ 2.50 Actual quantity purchased and used per unit Actual price paid for material per pound $ 2.80 Direct materials price variance $ 1.800 U $ 1,000 F Direct materials quantity variance Total direct material variance Number of units produced 400 Data table 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... Medium speed Large speed bump bump 16 2.50 $ 2 3.30 ? 17 2.80 $ 4.00 $1,800 U $1,000 F $7,140 U ? ? 400 $5,160 U 600 Print Done

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Last month, Bramble 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 16 Standard price per pound $ 2.50 Actual quantity purchased and used per unit Actual price paid for material per pound $ 2.80 Direct materials price variance $ 1,800 U $ Direct materials quantity variance Total direct material variance Number of units produced Data table Direct materials information Standard pounds per unit. Standard price per pound... 1,000 F 400 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.. Medium speed Large speed bump bump 16 ? 2.50 $ 2 3.30 17 2.80 $ $1,800 U $1,000 F 4.00 $7,140 U ? ? 400 $5,160 U 600 Print Done
Transcribed Image Text:Last month, Bramble 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 16 Standard price per pound $ 2.50 Actual quantity purchased and used per unit Actual price paid for material per pound $ 2.80 Direct materials price variance $ 1,800 U $ Direct materials quantity variance Total direct material variance Number of units produced Data table Direct materials information Standard pounds per unit. Standard price per pound... 1,000 F 400 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.. Medium speed Large speed bump bump 16 ? 2.50 $ 2 3.30 17 2.80 $ $1,800 U $1,000 F 4.00 $7,140 U ? ? 400 $5,160 U 600 Print Done
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