1a.Bellingham Company produces a product that requires six standard pounds per unit. The standard price...
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Accounting
1a.Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $7.5 per pound. If 4,500 units used 25,900 pounds, which were purchased at $7.8 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.
Direct materials price variance
$fill in the blank 1
FavorableUnfavorableUnfavorable
Direct materials quantity variance
$fill in the blank 3
FavorableUnfavorableFavorable
Direct materials cost variance
1b.
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $9.00 per hour. If 3,100 units used 9,500 hours at an hourly rate of $8.64 per hour, what is the direct labor (a) rate variance, (b) time 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.
Direct labor rate variance
$fill in the blank 1
FavorableUnfavorableFavorable
. Direct labor time variance
$fill in the blank 3
FavorableUnfavorableUnfavorable
Direct labor cost variance
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