1 Bellingham Company produces a product that requires16 standard pounds per unit The standard price is $9 5per pound If 3,300 units used 51,200 pounds, which were purchasedat $9 69 per pound, what is the direct materials (a) pricevariance, (b) quantity variance, and (c) cost variance Enter a favorable variance as a negative number using a minus signand an unfavorable variance as a positive number a Direct materials price variance $ Unfavorable b Direct materials quantityvariance $ Favorable c Direct materials cost variance $ 2 Bellingham Company produces a product that requires 3standard direct labor hours per unit at a standard hourly rate of$12 00 per hour If 3,000 units used 9,400 hours at an hourly rateof $11 76 per hour, what is the direct labor (a) ratevariance, (b) time variance, and (c) cost variance Entera favorable variance as a negative number using a minus sign and anunfavorable variance as a positive number a Direct labor rate variance $ Favorable b Direct labor time variance $ Unfavorable c Direct labor cost variance $ Unfavorable 3 Crazy Delicious Inc produces chocolate bars Theprimary materials used in producing chocolate bars are cocoa,sugar, and milk The standard costs for a batch ofchocolate (2,980 bars) are as follows Ingredient Quantity Price Cocoa 510 lbs $0 30 per lb Sugar 150 lbs $0 60 per lb Milk 120 gal $1 70 per gal Determine the standard direct materials cost per bar ofchocolate If required, round to the nearest cent $ per bar 4 Atlas Furniture Company manufactures designer homefurniture Atlas uses a standard cost system The directlabor, direct materials, and factoryoverhead standards for an unfinished dining room tableare as follows Direct labor standard rate $26 00 per hr standard time per unit 3 hrs Direct materials (oak) standard price $11 00 per bd ft standard quantity 15 bd ft Variable factory overhead standard rate $2 80 per direct labor hr Fixed factory overhead standard rate $0 80 per direct labor hr a Determine the standard cost per diningroom table If required, round your answer to two decimalplaces $ per table

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1. Bellingham Company produces a product that requires16 standard pounds per unit. The standard price is $9.5per pound. If 3,300 units used 51,200 pounds, which

1. Bellingham Company produces a product that requires16 standard pounds per unit. The standard price is $9.5per pound. If 3,300 units used 51,200 pounds, which were purchasedat $9.69 per pound, what is the direct materials (a) pricevariance, (b) quantity variance, and (c) cost variance?Enter a favorable variance as a negative number using a minus signand an unfavorable variance as a positive number.

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

2. Bellingham Company produces a product that requires 3standard direct labor hours per unit at a standard hourly rate of$12.00 per hour. If 3,000 units used 9,400 hours at an hourly rateof $11.76 per hour, what is the direct labor (a) ratevariance, (b) time variance, and (c) cost variance? Entera favorable variance as a negative number using a minus sign and anunfavorable variance as a positive number.

a. Direct labor rate variance	$	Favorable
b. Direct labor time variance	$	Unfavorable
c. Direct labor cost variance	$	Unfavorable

3. Crazy Delicious Inc. produces chocolate bars. Theprimary materials used in producing chocolate bars are cocoa,sugar, and milk. The standard costs for a batch ofchocolate (2,980 bars) are as follows:

Ingredient	Quantity	Price
Cocoa	510	lbs.	$0.30	per lb.
Sugar	150	lbs.	$0.60	per lb.
Milk	120	gal.	$1.70	per gal.

Determine the standard direct materials cost per bar ofchocolate. If required, round to the nearest cent.
$ per bar

4. Atlas Furniture Company manufactures designer homefurniture. Atlas uses a standard cost system. The directlabor, direct materials, and factoryoverhead standards for an unfinished dining room tableare as follows:

Direct labor:	standard rate	$26.00 per hr.
	standard time per unit	3 hrs.
Direct materials (oak):	standard price	$11.00 per bd. ft.
	standard quantity	15 bd. ft.
Variable factory overhead:	standard rate	$2.80 per direct labor hr.
Fixed factory overhead:	standard rate	$0.80 per direct labor hr.