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Name Problem 1 Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $3.5 per pound.
Name Problem 1 Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $3.5 per pound. During the month, 5,900 units used 80,100 pounds, which were purchased at $3.64 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total material cost variance? Indicate whether the variance is Favorable or Unfavorable
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