My Home X CengageNOWv2 | Onli x Excel Online Student V X SNHU X Online Banking | Citizenx * Course Hero X + X C @ about:blank Update : Excel template - Saved v Search (Alt + Q) File Home Insert Draw Page Layout Formulas Data Review View Help Editing v Comments Arial 10 v B Av ... Ev ab Currency .00 100 EV APV OV . .. C15 fx A B C D E F G H Direct materials variances The following data is provided for Bellingham Company: Q UI A W N - DATA Resources' requirements, standard pounds per un 2.5 Resources' standard price, per pound $3.35 LD 00 - Units produced 15, 100 Resources used for production, pounds 36,600 10 Resources' actual price, per pound $3.55 11 Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWv2 for grading 12 13 14 Amount Formulas 15 a. Direct materials price variance 16 b. Direct materials quantity variance 17 c. Direct materials cost variance 18 19 = A Data + Calculation Mode: Automatic Workbook Statistics Give Feedback to Microsoft 100% + X 7:20 PM Type here to search 9 7/25/2021My Home X CengageNOWv2 | Onli x 5 Excel Online Student V X SNHU X Online Banking | CitizenX * Course Hero X + X C A v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Q Update : Problem Set: Module 5 eBook Show Me How Office 365 1. PR. 08.02B Direct materials variances ? Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.35 per pound. 15,100 units used 36,600 pounds, which were 2. BE.09.01.EXCEL.ALGO purchased at $3.55 per pound 3. BE.09.02.EXCEL.ALGO This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. 4. TMM.08.01 X 5. TMM.09.02 Open spreadsheet What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. 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 Unfavorable v b. Direct materials quantity variance in in in Favorable v c. Direct materials cost variance Unfavorable v 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 total cost. Progress: 2/5 items Check My Work Previous Next Assignment Score: 70% All work saved. Email Instructor Save and Exit Submit Assignment for Grading Type here to search O 7:20 PM 7/25/2021