Kearny Inc. produces tablet computers. The company uses crystal LCD displays for its products. Each...
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Kearny Inc. produces tablet computers. The company uses crystal LCD displays for its products. Each tablet uses one display. The company produced 15,000 tablets during February. However, due to LCD defects, the company actually used 15,250 LCD displays during February. Each display has a standard cost of $1.90. The 15,250 LCD displays were purchased for February production at a cost of $27,450.
Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Line Item Description
Amount
Variance
Price variance
$fill in the blank
Favorable
Quantity variance
$fill in the blank
Unfavorable
Total direct materials cost variance
$fill in the blank
Favorable
Answer & Explanation
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