Direct Materials Variances

Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $4 per pound. If 3,900 units used 44,200 pounds, which were purchased at $3.88 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	$fill in the blank 5

Direct Labor Variances

Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $11.00 per hour. If 2,900 units used 30,200 hours at an hourly rate of $10.67 per hour, what is the direct labor (a) rate variance, (b) time 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.