Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $11.5
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Question:
Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $11.5 per pound. If 5,000 units used 72,100 pounds, which were purchased at $11.27 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 | $ |
Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
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