Problem 1- Direct Materials Variances Bellingham Company produces a product that requires 7 standard pounds per unit. The standard price is $5 per pound. If 3,500 units used 25,500 pounds, which were purchased at $5.15 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Show a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Problem 2- Direct Labor Variances Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $9.00 per hour. If 4,100 units used 33,500 hours at an hourly rate of $8.64 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Show a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Problem 3-Factory Overhead Controllable Variance Bellingham Company produced 4,700 units of product that required 8 standard direct labor hours per unit. The standard variable overhead cost per unit is $5.20 per direct labor hour. The actual variable factory overhead was $200,020. Determine the variable factory overhead controllable variance. Show a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Problem 4-Factory Overhead Volume Variance Bengham Company produced 3,900 units of product that required 2 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.25 per direct labor hour at 7,400 hours, which is 100% of normal capacity. Determine the fured factory overhead volume variance. Show a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. To receive credit for this assignment, students have the following options: . Complete the assignment using Microsoft Excel- upload an Excel document. . Complete the assignment with paper and pencil-take a picture of the completed pages and upload the pictures. If you are using an Apple device, do not upload an HEIC file. I will not be able to open it. . Complete the assignment using paper and pencil, scan the pages into a PDF-upload the PDF How to submit a Canvas Assignment Canvas Guide

Problem 1 - Direct Materials Variances Problem 2 - Direct Labor Variances Problem 3 - Factory Overhead Controllable Variance Problem 4 - Factory Overhead Voluche Variance