Direct Materials VariancesBellingham Company produces a product that requires nine standard pounds per unit. The standard price is $11 per pound. If3,900 units used 35,800 pounds, which were purchased at $11.22 per pound, what is the direct materials (a) price variance,(b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and anunfavorable variance as a positive number.a. Direct materials price varianceb. Direct materials quantity variance$c. Direct materials cost variance Direct Labor VariancesBellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of$12.00 per hour. If 4,000 units used 15,500 hours at an hourly rate of $12.24 per hour, what is the direct labor (a) ratevariance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and anunfavorable variance as a positive number.a. Direct labor rate varianceb. Direct labor time variancec. Direct labor cost variance

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Description: Direct Materials VariancesBellingham Company produces a product that requires nine standard pounds per unit. The standard price is $11 per pound. If3,900 units used 35,800 pounds, which were purchased at $11.22 per pound, what is the direct material

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Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $11 per pound. It 3,900 units used 35,800 pounds, which were purchased at $11.22 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance 2$ c. Direct materials cost variance $4

Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $11 per pound. It 3,900 units used 35,800 pounds, which were purchased at $11.22 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance 2$ c. Direct materials cost variance $4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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