1-Standard Cost Journal Entries

Bellingham Company produced 2,900 units that require 11 standard pounds per unit at a $3.5 standard price per pound. The company actually used 32,500 pounds in production.

Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank.

2-Bellingham Company produced 3,000 units of product that required 6.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.15 per direct labor hour at 17,500 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

3-Bellingham Company produced 5,500 units of product that required 6 standard direct labor hours per unit. The standard variable overhead cost per unit is $3.70 per direct labor hour. The actual variable factory overhead was $124,420. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Standard Cost Journal Entries Bellingham Company produced 2,900 units that require 11 standard pounds per unit at a $3.5 standard price per pound. The company actually used 32,500 pounds in production. Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank. Work in Process Direct Materials Quantity Variance Materials Factory Overhead Volume Variance Bellingham Company produced 3,000 units of product that required 6.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.15 per direct labor hour at 17,500 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable $ Factory Overhead Controllable Variance Bellingham Company produced 5,500 units of product that required 6 standard direct labor hours per unit. The standard variable overhead cost per unit is $3.70 per direct labor hour. The actual variable factory overhead was $124,420. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Unfavorable