Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit....
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Accounting
Direct Materials Variances
Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $9 per pound. If 6,200 units required 77,400 pounds, which were purchased at $8.82 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 | $ | Unfavorable |
| b. Direct materials quantity variance | $ | Favorable |
| c. Total direct materials cost variance | $ | Favorable |
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