Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $8 per pound If 2,900 units used 45,200 pounds, which were purchased at $7.6 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 7 standard direct labor hours per unit at a standard hourly rate of $10.00 per hour. If 3,100 units used 22,400 hours at an hourly rate of $9.60 per hour, what is the direct labor (a) rate variance, (b) time vanance, 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 2,900 units of product that required 1.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $6.50 per direct labor hour. The actual variable factory overhead was $28,955. 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. Factory Overhead Volume Variance Bellingham Company produced 4,400 units of product that required 1.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.50 per direct labor hour at 7,000 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