Last month, Brentwood 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 $ $ $ $ 12 1.00 10 1.50 2,000 U 800 F 1,200 400 U Large speed bump $ 1.60 14 2.30 4,900 U 2,400 F $ $ $ $ 2,500 U 500

Last month, Brentwood 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 $ $ $ $ 12 1.00 10 1.50 2,000 U 800 F 1,200 400 U Large speed bump $ 1.60 14 2.30 4,900 U 2,400 F $ $ $ $ 2,500 U 500

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Description: Last month, Brentwood 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.)D

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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