Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price...
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Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $3 per pound. If 5,300 units used 81,900 pounds, which were purchased at $2.88 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 Sfill in the blank 1 b. Direct materials quantity variance Sfill in the blank 3 c. Direct materials cost variance Sfill in the blank
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