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Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per...

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Accounting

Direct materials variances
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.50 per pound. 16,300 units used 36,60
pounds, which were purchased at $3.60 per pound.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in
the questions below.
Open spreadsheet
What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. 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
b. Direct materials quantity variance
c. Direct materials cost variance
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