Chapter 11, Problem 11.36BE

Calculate missing direct material variables (Learning Objective 2)

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

	Medium speed bump	Large speed bump
Standard pounds per unit	15	?
Standard price per pound	$ 3.50	$3.90
Actual quantity purchased and used per unit	?	16
Actual price paid for material	$ 4.10	$ 4.70
Direct materials price variance	$ 2,520 U	$ 7,680 U
Direct materials quantity variance	$ 1,050 F	?
Total direct material variance	?	$ 5,340 U
Number of units produced	300	600