Last month, Baxter Corporation purchased and used the same quantity of material
ID: 2526691 • Letter: L
Question
Last month, Baxter Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. EEB (Click the icon to view the table.) Complete the following table (Round your answers to two decimal places.) Data Table Medium Large 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 speed bump speed bump 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 1.00 $ 1.50 1.00 1.50 12 $2.30 10 12 S 160 2.30 $ 160 2,400U $ 400 F S 2,400U 5,760 U $ 5,760 U 400 F $ 2,000 U 4,860 U $ 4,860 U 400 600 400 600 Print DoneExplanation / Answer
Total Direct Material variance =4860 U
Hence Quantity variance =5760-4860=900 F
Quantity Variance =((Standard qantity * standard rate) - (Actual Qauntity * StandardRate))*Unit Produced
900=((Standard qantity * 1.50) - (12 *1.50))*600
Hence Standared Quatitity per Unit =$13 Per Unit
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