C D E G H K L. M N Assignment #4 Cycle USA is in...
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C D E G H K L. M N Assignment #4 Cycle USA is in the business of making innertubes for bicycles. They manufacture both large and small innertubes. Both of the tubes use the same material but require different amounts of material. The material usage is as follows: Large Small Rubber 3 foot at $0.25 per foot 1.25 feet at $0.25 per foot Connector 1 at $0.03 1 at $0.03 On June 1, Cyclo USA purchased 25,000 feet of rubber for $6,875. During the month of June, Cycle USA used 14,500 foot of rubber to make 3,000 large tubes and 4,000 small tubos. 15 A. Calculate the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Direct Materials Price Variance 17 Direct Material Quantity Variance 18 Total Direct Materials Cost Variance 19 20 B. If Cycle USA bought 10,000 connectors costing $310, what would the direct materials price variance be for the connectors? 21 Direct Materials Price Variance 22 23 C. How much did they pay per foot for the rubber if there was an unfavorable direct materials price variance of $1257 24 How much did they pay per foot for the rubber
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