Question: Please answer only the questions I got wrong (x) Thank you. Direct Materials Variances Bellingham Company produces a product that requires 8 standard pounds per

Please answer only the questions I got wrong (x) Thank you.

Please answer only the questions I got wrong (x) Thank you. DirectMaterials Variances Bellingham Company produces a product that requires 8 standard poundsper unit. The standard price is $5 per pound. If 2,100 units

Direct Materials Variances Bellingham Company produces a product that requires 8 standard pounds per unit. The standard price is $5 per pound. If 2,100 units required 16,100 pounds, which were purchased at $5.25 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. Unfavorable a. Direct materials price variance 4,025 3,500 X Favorable b. Direct materials quantity variance Unfavorable c. Total direct materials cost variance 525 Feedback Y Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). Cost variance is the difference between the actual and standard costs at actual volumes. Direct Labor Variances Bellingham Company produces a product that requires 6 standard hours per unit at a standard hourly rate of $17.00 per hour. If 2,200 units required 12,800 hours at an hourly rate of $17.51 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Unfavorable a. Direct labor rate variance 6,528 6,800 X Favorable b. Direct labor time variance Favorable X c. Total direct labor cost variance 272 Factory Overhead Volume Variance Dvorak Company produced 2,900 units of product that required 1.5 standard hours per unit. The standard fixed overhead cost per unit is $2.60 per hour at 3,950 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 1,040 x Favorable Feedback Check My Work The fixed factory overhead volume variance is the difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual units produced

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