Chapter 11, Problem 11.20AE

Calculate missing direct material variables (Learning Objective 2)

Last month. Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. Complete the following table.

Direct materials information	Medium speed bump	Large speed bump
Standard pounds per unit	15	?
Standard price per pound	$ 1.00	$ 1.80
Actual quantity purchased and used per unit	?	16
Actual price paid for material per pound	$ 1.80	$2.10
Direct materials price variance	$1,120 U	$1,920 U
Direct materials quantity variance	$ 100 F	?
Total direct material variance	?	$ 480 U
Number of units produced	100	400