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lp Part 1 of 2 Last month, Baxter Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. BBB (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) Data table Medium Direct materials information Medium speed Large spe bump bump Direct materials information speed bump Standard pounds per unit 13 Standard pounds per unit 13 Standard price per pound $ 3.50 $ Standard price per pound $ 3.50 Actual quantity purchased and used per unit Actual quantity purchased and used per unit ? Actual price paid for material per pound $ 4.00 $ Actual price paid for material per pound $ 4.00 Direct materials price variance $ 2,400 U Direct materials price variance $2,400 U $5,04 Direct materials quantity variance $1,400 F Direct materials quantity variance Total direct material variance Number of units produced $ 1,400 F Total direct material variance Number of units produced ? $2,70 400 6 400 ty A Print Done Clear all Check answer

lp Part 1 of 2 Last month, Baxter Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. BBB (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) Data table Medium Direct materials information Medium speed Large spe bump bump Direct materials information speed bump Standard pounds per unit 13 Standard pounds per unit 13 Standard price per pound $ 3.50 $ Standard price per pound $ 3.50 Actual quantity purchased and used per unit Actual quantity purchased and used per unit ? Actual price paid for material per pound $ 4.00 $ Actual price paid for material per pound $ 4.00 Direct materials price variance $ 2,400 U Direct materials price variance $2,400 U $5,04 Direct materials quantity variance $1,400 F Direct materials quantity variance Total direct material variance Number of units produced $ 1,400 F Total direct material variance Number of units produced ? $2,70 400 6 400 ty A Print Done Clear all Check answer

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 67P: Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on...
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lp Part 1 of 2 Last month, Baxter Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. BBB (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) Data table Medium Direct materials information Medium speed Large spe bump bump Direct materials information speed bump Standard pounds per unit 13 Standard pounds per unit 13 Standard price per pound $ 3.50 $ Standard price per pound $ 3.50 Actual quantity purchased and used per unit Actual quantity purchased and used per unit ? Actual price paid for material per pound $ 4.00 $ Actual price paid for material per pound $ 4.00 Direct materials price variance $ 2,400 U Direct materials price variance $2,400 U $5,04 Direct materials quantity variance $1,400 F Direct materials quantity variance Total direct material variance Number of units produced $ 1,400 F Total direct material variance Number of units produced ? $2,70 400 6 400 ty A Print Done Clear all Check answer
Transcribed Image Text:lp Part 1 of 2 Last month, Baxter Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. BBB (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) Data table Medium Direct materials information Medium speed Large spe bump bump Direct materials information speed bump Standard pounds per unit 13 Standard pounds per unit 13 Standard price per pound $ 3.50 $ Standard price per pound $ 3.50 Actual quantity purchased and used per unit Actual quantity purchased and used per unit ? Actual price paid for material per pound $ 4.00 $ Actual price paid for material per pound $ 4.00 Direct materials price variance $ 2,400 U Direct materials price variance $2,400 U $5,04 Direct materials quantity variance $1,400 F Direct materials quantity variance Total direct material variance Number of units produced $ 1,400 F Total direct material variance Number of units produced ? $2,70 400 6 400 ty A Print Done Clear all Check answer
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