Question: 23-1 Please help me solve this asap. Thank you in advance. Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per

23-1 Please help me solve this asap. Thank you in advance.

23-1 Please help me solve this asap. Thank you in advance. Direct

Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $4.5 per pound. If 2,600 units used 27,500 pounds, which were purchased at $4.59 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 Favorable Unfavorable

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