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the data is in exercises 1, 2 ,3 and 4 Obj. 5 BE 9-6 Income statement with variances Prepare an income statement through gross profit
the data is in exercises 1, 2 ,3 and 4
Obj. 5 BE 9-6 Income statement with variances 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 unit. 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 sound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? W 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 hours 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 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. E 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. ME HOWStep by Step Solution
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