Direct Materials Variances

Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $7.5 per pound. If 4,900 units used 71,300 pounds, which were purchased at $7.12 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 10 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. If 2,300 units used 23,700 hours at an hourly rate of $19.40 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.

a. Direct labor rate variance	$
b. Direct labor time variance	$
c. Direct labor cost variance	$

Factory Overhead Controllable Variance

Bellingham Company produced 6,500 units of product that required 2.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $2.40 per direct labor hour. The actual variable factory overhead was $38,380. 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. $ ?