Question

Golfmart manufactures high-grade golf grips. Variance data for the polymer material used in the grips for...

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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