Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please I need help with this question Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price

Please I need help with this question

image text in transcribed
Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.75 per pound. 15,500 units used 35,600 pounds, which were purchased at $3.95 per pound. 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. 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 7,120 unfavorable 73 +3- b. Direct materials quantity variance s c. Direct materials cost variance $ E Unfavorable '1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Accounting For Windows

Authors: Dale Klooster

7th Edition

0538747978, 9780538747974

More Books

Students also viewed these Accounting questions

Question

Explain all drawbacks of application procedure.

Answered: 1 week ago