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Last month, Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) 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 15 1.00 $ S $ 1.80 1,120 U 100 F 100 Data table C 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 $ S 15 1.00 $ ? 1.80 $ $1,120 U 100 F ? Large speed bump 100 ? 1.80 16 2.10 $1,920 U ? $480 U 400 - X

Last month, Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) 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 15 1.00 $ S $ 1.80 1,120 U 100 F 100 Data table C 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 $ S 15 1.00 $ ? 1.80 $ $1,120 U 100 F ? Large speed bump 100 ? 1.80 16 2.10 $1,920 U ? $480 U 400 - X

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3PA: Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes...
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Last month, Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) 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 15 1.00 $ S $ 1.80 1,120 U 100 F 100 Data table C 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 $ S 15 1.00 $ ? 1.80 $ $1,120 U 100 F ? Large speed bump 100 ? 1.80 16 2.10 $1,920 U ? $480 U 400 - X
Transcribed Image Text:Last month, Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table. (Round your answers to two decimal places.) 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 15 1.00 $ S $ 1.80 1,120 U 100 F 100 Data table C 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 $ S 15 1.00 $ ? 1.80 $ $1,120 U 100 F ? Large speed bump 100 ? 1.80 16 2.10 $1,920 U ? $480 U 400 - X
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