Question
Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.35 per pound. 15,800 units used
Direct materials variances
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.35 per pound. 15,800 units used 35,700 pounds, which were purchased at $3.50 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.
Open spreadsheet
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 | $_____ | Favorable OR Unfavorable |
b. Direct materials quantity variance | $____ | Favorable OR Unfavorable |
c. Direct materials cost variance | $____ | Favorable OR Unfavorable |
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