Question: Complete the following table. Data table Last month, Bridle Corporation purchased and used the same quantity of material in producing its product, speed bumps for

Last month, Bridle Corporation purchased and used the same quantity of material

Complete the following table. Data table

Last month, Bridle 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 Mediu speed b 17 3.0 3.5 1 ,500 1 ,200 200 Data table 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 ..... ..... ...... Print Medium speed bump 17 3.00 $ 3.50 $ $1 ,500 U $1 ,200 F 200 Large speed bump 3.70 17 4.30 $5,100 U $3,250 U 500 Done

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!