Question
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.30 per pound. 15,800 units used 35,300 pounds, which
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.30 per pound. 15,800 units used 35,300 pounds, which were purchased at $3.45 per pound.
What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Direct materials price variance : $_____
Direct materials quantity variance: $_____
Direct materials cost variance: $______
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