15 B Direct materials variances 2 C D E 3 The following data is provided for Bellingham Company. 4 5 DATA 6 Resources' requirements, standard pounds per un Resources' standard price, per pound 7 Units produced 9 Resources used for production, pounds 23 $3.50 16,400 36,500 $3.65 10 Resources' actual price, per pound 11 12 13 14 Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15 D17 Transfer the numeric results for the green entry cells (C15 C17) into the appropriate fields in CNOW2 for grading. 15 la Direct materials price variance 16 b Direct materials quantity variance 17 c Direct materials cost variance 38 Amount Formulas Show Me How Office 365 == Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.50 per pound. 16,400 units used 36,500 pounds, which were purchased at $3.65 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." x Qoen spreadsheet What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dar. 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 $ X x Unfavorable Favorable - Unfavorable Check My Work Unfavorable variances can be thought of as increasing costs (a debit) Favorable variances can be thought of as decreasing costs (a credin Feedback