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Bellingham Company produces a product that requires 5 standard pounds per unit. The standard price is $11 per pound. If 4,600 units required 23,500 pounds,
Bellingham Company produces a product that requires 5 standard pounds per unit. The standard price is $11 per pound. If 4,600 units required 23,500 pounds, which were purchased at $10.67 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.
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