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1

Direct Materials Variances

Bellingham Company produces a product that requires 7 standard pounds per unit. The standard price is $6 per pound. If 6,400 units required 46,600 pounds, which were purchased at $6.3 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials 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. Total direct materials cost variance	$

2.

Direct Labor Variances

Bellingham Company produces a product that requires 8 standard hours per unit at a standard hourly rate of $11.00 per hour. If 4,800 units required 39,600 hours at an hourly rate of $10.67 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

a. Direct labor rate variance	$
b. Direct labor time variance	$
c. Total direct labor cost variance	$

3.

Factory Overhead Controllable Variance

Bellingham Company produced 2,500 units of product that required 8.5 standard hours per unit. The standard variable overhead cost per unit is $5.40 per hour. The actual variable factory overhead was $112,910. 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. $

4.

Factory Overhead Volume Variance

Dvorak Company produced 3,700 units of product that required 2.5 standard hours per unit. The standard fixed overhead cost per unit is $2.45 per hour at 10,050 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. $