Question: The following direct materials variance analysis was performed for Brookman. Requirements 1. Record Brookman's direct materials journal entries. Assume purchases were made on account. 2.

The following direct materials variance analysis was performed for Brookman.

Requirements

1. Record Brookman's direct materials journal entries. Assume purchases were made on account.

2. Explain what management will do with this variance information.

AC AQ 0.70 per pound 7,500 pounds 5,250 SCxA $0.30 pr pound SC SQ 0.30 per pound 7,100 pounds $2,130 7,500 pounds 2,250 Cost Variance $3,000 U Effidency Varianc $120 U

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