Question

Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The...

Direct Materials Variances

Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $8 per pound. If 5,100 units required 74,300 pounds, which were purchased at $7.76 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $6 per pound. If 3,400 units required 49,000 pounds, which were purchased at $6.3 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? 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...
Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $10.5 per pound. If 5,900 units used 72,900 pounds, which were purchased at $10.29 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? 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 b. Direct...
Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $7 per pound. If 3,100 units used 44,600 pounds, which were purchased at $7.21 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? 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 b. Direct materials...
Direct Materials Variances Bellingham Company produces a product that requires 8 standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires 8 standard pounds per unit. The standard price is $6.5 per pound. If 3,000 units required 24,500 pounds, which were purchased at $6.37 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? 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 $ Favorable...
Direct Materials Variances Bellingham Company produces a product that requires five standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires five standard pounds per unit. The standard price is $6 per pound. If 6,400 units used 31,400 pounds, which were purchased at $6.24 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? 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 $ b. Direct materials quantity...
Direct Materials Variances Bellingham Company produces a product that requires five standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires five standard pounds per unit. The standard price is $4 per pound. If 3,000 units used 15,500 pounds, which were purchased at $3.8 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? 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 $ b. Direct materials quantity...
Direct Materials Variances Bellingham Company produces a product that requires 9 standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires 9 standard pounds per unit. The standard price is $9 per pound. If 5,000 units required 45,900 pounds, which were purchased at $8.64 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? 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 $ b....
1. Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price...
1. Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $10.5 per pound. If 2,500 units used 35,700 pounds, which were purchased at $10.08 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? 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 $ Favorable b. Direct materials quantity variance...
Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is...
Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $6 per pound. If 6,000 units used 55,100 pounds, which were purchased at $5.82 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? 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 $ Favorable b. Direct materials quantity variance $...
Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is...
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 pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT