Safari File Edit View History Bookmarks Window Help * 0 7 Q 8 Wed Jul 19 1:46 PM G v2.cengagenow.com C CengageNOWv2 | Online teaching and learning resource from Cengage Learning G Direct labor variances Bellingham Company produces a product that requires... b Answered: Bellingham Company produces a product... | bartleby Problem Set: Module 5 eBook Show Me How Office 365 ? 1. TMM.08.01 Direct materials variances 2. BE.09.02.EXCEL.ALGO Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.70 per pound. 16,000 units used 36,300 pounds, which were purchased at $3.80 per pound. 3. TMM.09.02 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions 4. PR.08.02B below. 5. BE.09.01.EXCEL.ALGO X HHH Open spreadsheet What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. 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 3,630 Unfavorable b. Direct materials quantity variance A tA tA Favorable c. Direct materials cost variance Unfavorable Progress: 5/5 items Check My Work Previous Assignment Score: 73.33% Email Instructor Save and Exit Submit Assignment for Grading 4 JUL 1 19 G WDirect materials variances The following data is provided for Bellingham Company: DATA Resources' requirements, standard pounds per unit 2.3 Resources' standard price, per pound $3.70 Units produced 16,000 Resources used for production, pounds 36,300 Resources' actual price, per pound $3.80 Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWv2 for grading. Amount Formulas a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance