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)
Last month, Brentwood Corporation purchased and used the same quantity of material in producing its product,...
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