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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
i need the answer quickly
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education