Factory Overhead Volume Variance

Bellingham Company produced 4,500 units of product that required 4.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.30 per direct labor hour at 18,850 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. $____ Favorable

Standard Cost Journal Entries

Bellingham Company produced 5,100 units that require seven standard pounds per unit at a $11 standard price per pound. The company actually used 37,100 pounds in production.

Journalize the entry to record the standard direct materials used in production. For a compound transaction, if an amount box does not require an entry, leave it blank.

	Work in Process
	Direct Materials Quantity Variance
	Materials

Standard Direct Materials Cost per Unit

Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,770 bars) are as follows:

Ingredient	Quantity		Price
Cocoa	660	lbs.	$0.30		per lb.
Sugar	180	lbs.	$0.60		per lb.
Milk	150	gal.	$1.50		per gal.

Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $_____per bar