Golfmart manufactures high-grade golf grips. Variance data for the polymer material used in the grips for the most recent year is given below: | ||||||||||
Direct materials price variance | $1,650 | Unfavorable | ||||||||
Direct materials quantity variance | $2,250 | Favorable | ||||||||
Flexible budget for DM quantity for actual production achieved | 18,000 | pounds | ||||||||
Budgeted price for Direct material | $1.50 | per pound | ||||||||
Assume that the beginning and closing inventories of the polymer material equal zero. | ||||||||||
Required: | ||||||||||
a) How much of the polymer material (in pounds) did Golfmart consume in production for the last year? | ||||||||||
b) What was the actual price per pound of the polymer material? | ||||||||||
Type the answer (Type only the number. DO NOT type $ sign or any other text) in the respective boxes below. | ||||||||||
Round your answers to two digits. | ||||||||||
Quantity of DM consumed in production | ||||||||||
Actual price paid by Golfmart |
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