Business, 21.05.2020 17:57 luisanavarrogarcia

Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Product Names Steel Plastic Direct materials information Standard pounds per unit 3 lb. 1.5 lb. Standard Price (SP) per pound $2.75 ? Actual Quantity (AQ) used per unit 2.5 lbs. 3.00 lbs. Actual Price (AP) paid for material $2.50 $1.50 Actual Quantity Purchased (AQP) and used 3000 lbs. 1100 lbs. Price variance ? $8250 F Quantity variance $309 U ? Flexible budget variance ? $150 F Number of units produced 225 600What is the standard direct material price per pound for the plastic in the dolls?

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Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufactu...

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