1. Direct Materials Variances

Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $8.5 per pound. Il units used 49,900 pounds, which were purchased at $8.16 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. a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $8.5 per pound. If 4,000 units used 49,900 pounds, which were purchased at $8.16 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) coot variance Entera favorable variance as a negative number using a minus sian and an unfavorable variance as a positive number a. Direct materials price variance Favorable b. Direct materials quantity variance Unfavorable c. Direct materials cost variance Favorable Feed Check My Worx Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs a credit). Cost variance is the difference between the actual and standard total cost