Direct Materials Variances Bellingham Company produces a product that requires 6 standard pounds per unit. The standard price is $2.5 per pound. If 4,700 units required 29,000 pounds, which were purchased at $2.45 per pound, what is the direct materials (s) price variance, (b) quantity variance, and (c) total direct materials 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 1,450 X Favorable b. Direct materials quantity variance 2,000 Unfavorable c. Total direct materials cost variance 550 Unfavorable Feedback Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs a credit) Cost variance is the difference between the actual and standard costs at actual volumes Next Submit Assignment for Grading Save and all Emainstructor Check My Work 1 more Check My Work uses remaining All work saved Direct Labor Variances Bellingham Company produces a product that requires 6 standard hours per unit at a standard hourly rate of $21.00 per hour. 16,100 units required 38,100 hours an hourly rate of $20.58 per hour, what is the direct labor(a) rate variance, (b) time variance, and (c) total direct labor 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 16,002 x Favorable b. Direct labor time variance 1,479 X Unfavorable c. Total direct labor cost variance 14,523 x Favorable X Feedback Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of us decreasing costs acredit) The direct labor cost variance is the difference between the actual and standard labor costs. Ned Previous Show Me How Calculator Factory Overhead Controllable Variance Bellingham Company produced 5,400 units of product that required 5 standard hours per unit. The standard variable overhead cost per unit is $5.90 per hour. The actual variable factory overhead was $152,450. 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, Ned Previous Factory Overhead Volume Variance Dvorak Company produced 3,100 units of product that required 5.5 standard hours per unit. The standard fixed overhead cost per unit is $2.60 per hour at 18,550 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. 1,497 X Unfavorable Feedback Check My Work The fixed factory overhead volume variance is the difference between the budgeted fixed overhead at 100% of normal capacity and the standard for overhead for the actual units produced