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Direct materials variances Bellingham Company produces a product that requires 2 . 3 standard pounds per unit. The standard price is $ 3 . 2
Direct materials variances
Bellingham Company produces a product that requires standard pounds per unit. The standard price is $ per pound. units used pounds, which were purchased at $ per pound.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
DATA
Resources' requirements, standard pounds per unit
Resources' standard price, per pound $
Units produced
Resources used for production, pounds
Resources' actual price, per pound $
What is the direct materials a price variance, b quantity variance, and c cost variance? Round your answers to the nearest dollar. 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 $
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