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I need answers for all questions please. + K - BE 9-1 Direct materials variances Obj. 3 Bellingham Company produces a product that requires 2.5
I need answers for all questions please.
+ K - BE 9-1 Direct materials variances Obj. 3 Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units used 36,000 pounds, which were purchased at $4.00 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? OW ME HOW BE 9-2 Direct labor variances Obj. 3 Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $20 per hour. If 15,000 units used 61,800 houts at an hourly rate of $19.85 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? HOW ME HOW BE 9-3 Factory overhead controllable variance Obj. 4 Bellingham Company produced 15,000 units of product that required 4 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.90 per direct labor hour. The actual variable factory overhead was $52,770. Determine the variable factory overhead controllable variance. HOW ME HOW BE 9-4 Factory overhead volume variance Obj. 4 Bellingham Company produced 15,000 units of product that required 4 standard direct labor hours per unit. The standard fixed overhead cost per unit is $1.15 per direct labor hour at 58,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. SHOW ME HOW BE 9-5 Standard cost journal entries Obj. 5 Bellingham Company produced 15,000 units that require 2.5 standard pounds per unit at a $3.75 standard price per pound. The company actually used 36,000 pounds in production. Journalize the entry to record the standard direct materials used in production. SHOW ME HOW Obi. 5 BE 9-6 Income statement with variances Obj. 5 Prepare an income statement through gross profit for Bellingham Company for the month ending March 31 using the variance data from Brief Exercises 1, 2, 3, and 4. Assume Bellingham sold 15,000 units at $172 per unitStep by Step Solution
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