Direct Materials Variances Bellingham Company produces a product that requires 10 standard pounds per unit. The standard price is $6.5 per pound. If 3,500 units used 35,700 pounds, which were purchased at $6.3 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 Favorable b. Direct materials quantity variance ill Unfavorable c. Direct materials cost variance TA Favorable Direct Labor Variances Bellingham Company produces a product that requires 5 standard direct labor hours per unit at a standard hourly rate of $16.00 per hour. If 2,100 units used 10,900 hours at an hourly rate of $15.20 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 X Favorable Unfavorable b. Direct labor time variance Favorable c. Direct labor cost variance Feedback Factory Overhead Controllable Variance Bellingham Company produced 5,800 units of product that required 8.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $4.20 per direct labor hour. The actual variable factory overhead was $200,430. 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. Favorable Feedback Factory Overhead Volume Variance Bellingham Company produced 4,100 units of product that required 3 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.45 per direct labor hour at 11,600 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. Favorable Feedback Standard Cost Journal Entries ? Bellingham Company produced 3,600 units that require six standard pounds per unit at a $7.5 standard price per pound. The company actually used 22,500 pounds in production. Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank. Work in Process Direct Materials Quantity Variance Materials