Question: The following materials variance analysis was performed for Brookman. Requirements 1. Record Brookman's direct materials journal entries. 2. Explain what management will do with this

The following materials variance analysis was performed for Brookman.

Requirements
1. Record Brookman's direct materials journal entries.
2. Explain what management will do with this varianceinformation.

Actual Price Standard Price Standard Price Standard Quantity Allowed $0.30 x 7,100 = $2,130 Actual Quantity $0.70 x 7,500 = $ 5,250 Actual Quantity $0.30 x 7,500 = $2,250 Efficiency Variance $120 U Price Variance $3,000 U

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