Last month, Brentwood Corporation purchased and used the same quantity of materi

Question

Last month, Brentwood Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control B(Click the icon to view the Click the icon to view the table.) Complete the following table (Round your answers to two decimal places.) Data Table Mediumm speed bump 17 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 Large speed bump 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 17 1.50 15 1.80 1.00 $ 1.00 $1.60 $ 1,320 U 1.60 $1,320 U $1,200F S 2,250 U $ 1,200 S 750 U 200 500 200 PrintDone

Explanation / Answer

Medium Speed Pumb

1. Actual quantity purchased and used per unit = 2200/200 = 11

Material price variance = AQ x SP - AQ x AP

   -1320 = AQ (1-1.6)

   -1320 = -0.6AQ

   AQ = 1320/.6 = 2200

2. Total Direct material variance = SQ XSP -AQxAP

= 17x200x1 - 11x200x1.6

   = 3400-3520

= 120 (U)

Large Speed Pumb

1. Standard pounds per unit = 16

Direct material quantity variance = 2250-750 = 1500 (U)

that is SQxSP-AQXSP = 1500 (U)

500xSQ x 1.5 - 500x15x1.8 = 1500 (U)

750 SQ - 13500 = -1500

750SQ = 12000

SQ = 12000/750= 16

2. Direct material quantiy variance , alreadydone in the first step = 1500 (U)

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