Data Table AC × AQ SC × AQ SC × SQ $0.65 per pounds $0.30 per pounds $0.30 per pound × × × 7,600 pounds 7,600 pounds 7,200 pounds $4,940 $2,280 $2,160 Cost Efficiency Variance Variance $2,660 U $120 U...




Data Table


































































































































AC × AQ


SC × AQ


SC × SQ


$0.65 per pounds




$0.30 per pounds




$0.30 per pound


×




×




×


7,600 pounds




7,600 pounds




7,200 pounds


$4,940






$2,280








$2,160


































Cost


Efficiency






Variance




Variance






$2,660 U




$120 U
























.


Record
Smithson's

direct materials journal entries. Assume purchases were made on account.


2.


Explain what management will do with this variance information.



Jun 10, 2022
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