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Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $ 5 per pound. If 4

Direct Materials Variances
Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $5 per pound. If 4,900 units used 30,600 pounds, which were purchased at $4.9 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 $
fill in the blank 1
b. Direct materials quantity variance $
fill in the blank 3
c. Direct materials cost variance

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