Last month, Booth Corporation purchased and used the same quantity of material in producing its...

90.2K

Verified Solution

Question

Accounting

image

Last month, Booth Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) Data Table Medium speed bump Direct materials information Standard pounds per unit Direct materials information Medium speed bump Large speed bump 16 Standard pounds per unit 16 $ Standard price per pound 2.00 Standard price per pound. S 2.00 $ 2.50 Actual quantity purchased and used per unit Actual quantity purchased and used per unit 15 $ Actual price paid for material per pound 2.80 Actual price paid for material per pound 2.80 $ 3.00 Direct materials price variance $ 2,080 U 2,250 U S 2,080 U Direct materlals price variance Direct materials quantity variance $ 1.200 F Direct materlals quantity varlance. S 1,200 F Total direct material variance 1,500 U Total direct material variance Number of units praduced 200 Number of units produced. 200 300 Print Done

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students