Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $5.5 per pound. If 2,400 units used 22,200 pounds,

Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $5.5 per pound. If 2,400 units used 22,200 pounds, which were purchased at $5.28 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.

a. Direct materials price variance $fill in the blank 1
b. Direct materials quantity variance $fill in the blank 3
c. Direct materials cost variance $fill in the blank 5 Favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Finance For Your Small Business

Authors: Eric James Burton, Steven M Bragg

1st Edition

9780471323600

More Books

Students also viewed these Accounting questions