Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. It 15,000 units required 36,000 pounds, which were purchased at $4.00 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 1116375 Unfavorable v. b. Direct materials quantity variance C. Total direct materials cost variance %24 %24 %24
Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. It 15,000 units required 36,000 pounds, which were purchased at $4.00 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 1116375 Unfavorable v. b. Direct materials quantity variance C. Total direct materials cost variance %24 %24 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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