Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CengageNOW X Keeps Zubi,w X CengageNOV. X () Instagram X 8 Settings x Q ARLETTE SAL X w.convilen/takeAssignment/takeAssignmentMain.do?inprogress=true Sign in Direct Materials Variances Bellingham Company
CengageNOW X Keeps Zubi,w X CengageNOV. X () Instagram X 8 Settings x Q ARLETTE SAL X w.convilen/takeAssignment/takeAssignmentMain.do?inprogress=true Sign in Direct Materials Variances Bellingham Company produces a product that requires 10 standard pounds per unit. The standard price is $5.5 per pound. If 6, 100 units used 62,800 pounds, which were purchased at $5.34 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 b. Direct materials quantity variance c. Direct materials cost variance Previous Next Check My WorkCengageNOV x https://util.wv x CengageNOV x @ Instagram X Settings X ARLETTE SAL X + com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true Sign in Factory Overhead Volume Variance Bellingham Company produced 3,600 units of product that required 2 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.25 per direct labor hour at 6,600 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. 1,350 X Feedback Check My Work The fixed factory overhead volume variance is the difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual units produced. K Check My Work Previous Next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started