Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Direct Materials Variances Bellingham Company produces a product that requires 16 standard pounds per unit. The standard price is $8 per pound. If 5.600 units
Direct Materials Variances Bellingham Company produces a product that requires 16 standard pounds per unit. The standard price is $8 per pound. If 5.600 units used 36,000 pounds, which were purchased at $8.4 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance a negative number using a minus sign and an unfavorable variance as a positive number, a. Direct materials price variance Unfavorable X b. Direct materials quantity variance Favorable x c. Direct materials cost variance Unfavorable Factory Overhead Volume Variance Bellingham Company produced 1,700 units of product that required 2.5 standard direct labor hours per unit. The standard fowed overhead cost per unit is $2.70 per direct labor hour at 4,050 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 Favorable Direct Materials Variances Bellingham Company produces a product that requires 16 standard pounds per unit. The standard price is $8 per pound. If 5.600 units used 36,000 pounds, which were purchased at $8.4 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance a negative number using a minus sign and an unfavorable variance as a positive number, a. Direct materials price variance Unfavorable X b. Direct materials quantity variance Favorable x c. Direct materials cost variance Unfavorable Factory Overhead Volume Variance Bellingham Company produced 1,700 units of product that required 2.5 standard direct labor hours per unit. The standard fowed overhead cost per unit is $2.70 per direct labor hour at 4,050 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 Favorable
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