Silicone Engine Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 650 tablets during December. However, due to LCD defects, the company actually used 600 LCD displays during December. Each display has a standard cost of $6.40. LCD displays were purchased for December production at a cost of $3,660. Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. And, enter your final variance amounts to the nearest whole dollar. Price variance Quantity variance Total direct materials cost variance
Silicone Engine Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 650 tablets during December. However, due to LCD defects, the company actually used 600 LCD displays during December. Each display has a standard cost of $6.40. LCD displays were purchased for December production at a cost of $3,660. Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. And, enter your final variance amounts to the nearest whole dollar. Price variance Quantity variance Total direct materials cost variance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Silicone Engine Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 650 tablets during December. However, due to LCD defects, the company actually used 600 LCD displays during December. Each display has a standard cost of $6.40. LCD displays were purchased for December production at a cost of $3,660.
Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. And, enter your final variance amounts to the nearest whole dollar.
- **Price variance**: $ [Input Field]
- **Quantity variance**: $ [Input Field]
- **Total direct materials cost variance**: $ [Input Field]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55f0052a-9d0d-41a8-9339-203ce40e3605%2F1e5cacbf-723c-4899-ba31-37f652cab963%2Fl91jou_processed.png&w=3840&q=75)
Transcribed Image Text:Silicone Engine Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 650 tablets during December. However, due to LCD defects, the company actually used 600 LCD displays during December. Each display has a standard cost of $6.40. LCD displays were purchased for December production at a cost of $3,660.
Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. And, enter your final variance amounts to the nearest whole dollar.
- **Price variance**: $ [Input Field]
- **Quantity variance**: $ [Input Field]
- **Total direct materials cost variance**: $ [Input Field]
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