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Direct Materials Variances Bellingham Company produces a product that requires 5 standard pounds per unit....

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Accounting

Direct Materials Variances

Bellingham Company produces a product that requires 5 standard pounds per unit. The standard price is $6.5 per pound. If 5,900 units required 30,700 pounds, which were purchased at $6.17 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials 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
b. Direct materials quantity variance $ Unfavorable
c. Total direct materials cost variance $ Favorable

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