Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.55 per pound. 15,800 units used 36,100 pounds, which were purchased at $3.75 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. X Open spreadsheet HT 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 b. Direct materials quantity variance c. Direct materials cost variance $ $ $
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.55 per pound. 15,800 units used 36,100 pounds, which were purchased at $3.75 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. X Open spreadsheet HT 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 b. Direct materials quantity variance c. Direct materials cost variance $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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sd
subject-Accounting
![Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.55 per pound. 15,800 units
used 36,100 pounds, which were purchased at $3.75 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.
X
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
b. Direct materials quantity variance
c. Direct materials cost variance
$
$
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7fe5a73-45e4-4166-8ba1-50e355550dfc%2Fb0d92a19-1301-4848-984d-c046e02fdeec%2Fj3cbn7g_processed.png&w=3840&q=75)
Transcribed Image Text:Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.55 per pound. 15,800 units
used 36,100 pounds, which were purchased at $3.75 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.
X
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
b. Direct materials quantity variance
c. Direct materials cost variance
$
$
$
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