Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bellingham company produces a product that require

Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price...

50.1K

Verified Solution

Question

Accounting

Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units used 36,000 pounds, which were purchased at $4.00 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 $ c. Direct materials cost variance $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

1.(a) Define what are Crystalline Solids and Amorphous Solids? (b) Explain, with a two-dimensional representation, the amorphous and crystalline...

General Management
1.2K views

What is a decision support system? (DSS) What kinds of DSS exist?

Physics
1.2K views

An object is placed at a distance 3m from a thin equi convex lens at...

Basic Math
1.2K views

Expand fully In o 5 ln 2x 3 6 ln o 5 ln o 5...

Basic Math
1.2K views

Incline mats, or triangle mats, are offered with different levels of incline to help gymnasts...

Statistics
1.2K views

The amount of money that needs to be deposited into an account to reach some...

Calculus
1.2K views

Solve the system by using any method If a system does not have one unique...

Algebra
1.2K views

of x 4x x 6 0 algebraically

Accounting
1.2K views

On January 4,20X1, Columbus Company purchased new equipment for $590,000 that had...

Accounting
1.2K views

Three transactions for Cullumber Gifts are presented here. On October 2, Cullumber Gifts purchased $46,000...

Accounting
1.2K views

Please check the images Analyzing Inventory Disclosure Comparing LIFO and FIFO ming...

Finance
1.2K views

QUESTIONS The market price of a bond is $1.236.94, it has 14 years to maturity....