Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit....
90.2K
Verified Solution
Link Copied!
Question
Accounting
Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $5 per pound. If 5,000 units used 76,500 pounds, which were purchased at $4.9 per pound, what is the direct materials (n) 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 b. Direct materials quantity variance c. Direct materials cost variance
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
