Last month, Brentwood 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.) Direct materials information Standard pounds per unit Standard price per pound Actual quantity purchased and used per unit Actual price paid for material per pound Direct materials price variance Direct materials quantity variance Total direct material variance Number of units produced $ Medium speed bump $ $ $ $ 12 1.00 10 1.50 2,000 U 800 F 1,200 400 U Large speed bump $ 1.60 14 2.30 4,900 U 2,400 F $ $ $ $ 2,500 U 500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Last month, Brentwood 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.)
Direct materials information
Standard pounds per unit
Standard price per pound
Actual quantity purchased and used per unit
Actual price paid for material per pound
Direct materials price variance
Direct materials quantity variance
Total direct material variance
Number of units produced
$
$
$
$
Medium
speed bump
$
12
1.00
10
1.50
2,000 U
800 F
1,200
400
U
$
$
$
Large
speed bump
$
C
$
1.60
14
2.30
4,900 U
2,400 F
2,500 U
500
Transcribed Image Text:Last month, Brentwood 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.) Direct materials information Standard pounds per unit Standard price per pound Actual quantity purchased and used per unit Actual price paid for material per pound Direct materials price variance Direct materials quantity variance Total direct material variance Number of units produced $ $ $ $ Medium speed bump $ 12 1.00 10 1.50 2,000 U 800 F 1,200 400 U $ $ $ Large speed bump $ C $ 1.60 14 2.30 4,900 U 2,400 F 2,500 U 500
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