Direct Materials Variances Bellingham Company produces a product that requires 9 standard pounds per unit. The standard price is $3.5 per pound. If 3,600 units required 33,000 pounds, which were purchased at $3.39 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. Direct materials quantity variance c. Total direct materials cost variance

Direct Materials Variances Bellingham Company produces a product that requires 9 standard pounds per unit. The standard price is $3.5 per pound. If 3,600 units required 33,000 pounds, which were purchased at $3.39 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. Direct materials quantity variance c. Total direct materials cost variance

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1BE: Direct materials variances Bellingham Company produces a product that requires 2.5 standard pounds...

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