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Direct Materials Variances Bellingham Company produces a product that requires eight standard pounds per unit. The...

Direct Materials Variances

Bellingham Company produces a product that requires eight standard pounds per unit. The standard price is $11.5 per pound. If 5,500 units used 42,200 pounds, which were purchased at $11.96 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

a. Direct materials price variance $ Favorable OR Unfavorable
b. Direct materials quantity variance $ Favorable OR Unfavorable
c. Direct materials cost variance $ Favorable OR Unfavorable

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ekkarill92 answered 2 years ago
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