Question
1a.Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $7.5 per pound. If 4,500 units used 25,900 pounds,
1a.Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $7.5 per pound. If 4,500 units used 25,900 pounds, which were purchased at $7.8 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.
Direct materials price variance | $fill in the blank 1 | FavorableUnfavorableUnfavorable |
Direct materials quantity variance | $fill in the blank 3 | FavorableUnfavorableFavorable |
Direct materials cost variance |
1b.
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $9.00 per hour. If 3,100 units used 9,500 hours at an hourly rate of $8.64 per hour, what is the direct labor (a) rate variance, (b) time 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.
Direct labor rate variance | $fill in the blank 1 | FavorableUnfavorableFavorable |
. Direct labor time variance | $fill in the blank 3 | FavorableUnfavorableUnfavorable |
Direct labor cost variance |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started