Question

E11-20A (similar to) Question Help Last month, Bridle Corporation purchased and used the same quantity of material in produ (Click the icon to view the table.) Х Data Table Complete the following table. Round your answers to two decimal places.) Direct materials information Medium speed bump Large speed bump Medium Large 16 ? speed bump speed bump 3.50 EA 4.00 16 ? 19 3.50 4.00 $ 4.20 4.70 15 19 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. . $ 2,100 U 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 $ 5,320 U $ 4.20 $ 4.70 $ 700 F ? $ 2,100 U $ 5,320 U ? $ 3,720 U $ 700 F 1 200 400 $ 1,400U 3,720 U 200 400 Print Done hoose from any list or enter any number in the input fields and then click Check Answer. Il parts showing Clear All Check Answer

Answer 1

Direct Material Price Variance = (Standard Price - Actual Price) x Actual Quantity

2,100 U = (3.50 - 4.20) X Actual Quantity

Actual Quantity = 2,100 / 0.70 = 3,000 units

We know that,

Total Direct Material Variance = Direct Material Quantity Variance + Direct Material Price Variance

Total Direct Material Variance = 700 F + 2,100 U = 1,400 U

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