Direct Materials Variances Bellingham Company produces a product that requires 10 standard pounds per unit. The standard price is $8.5 per pound. If 3,500 units used 36,100 pounds, which were purchased at $8.24 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 Direct Labor Variances Bellingham Company produces a product that requires 5 standard direct labor hours per unit at a standard hourly rate of $9.00 per hour. If 2,400 units used 11,500 hours at an hourly rate of $9.18 per hour, what is the direct labor (a) rate variance, (b) time 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 labor rate variance b. Direct labor time variance c. Direct labor cost variance Factory Overhead Controllable Variance Bellingham Company produced 7,200 units of product that required 3.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $6.60 per direct labor hour. The actual variable factory overhead was $172,640. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (6,050 bars) are as follows: Quantity Price Ingredient Cocoa Sugar Milk 390 lbs. $0.40 per lb. 120 lbs. $0.60 per lb. 90 gal. $1.50 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar Direct Materials Variances The following data relate to the direct materials cost for the production of 2,100 automobile tires: Actual: 56,200 lbs. at $1.8 per lb. Standard: 57,300 lbs. at $1.85 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and 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. Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance b. The direct materials price variance should normally be reported to the reported to the . When lower amounts of direct materials are used because of production efficiencies, the variance would be . When the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the