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CengageNOWv2 |Online x om/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&itakeAssignmentSessionLocator-assignment-take;&inprogress-false; eBook Direct Materials Variances Bellingham Company produces a product that requires 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 Show Me How ?Calculator 14 standard pounds per unit. The standard price is $5 per pound. If 3,100 units required 44,700 pounds d at $4.85 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance S( }

Explanation / Answer

Direct materials price variance=44700*(4.85-5)= -6705 Favorable Direct materials quantity variance=5*(44700-3100*14)= 6500 Unfavorable Direct materials cost variance=(44700*4.85)-(3100*14*5)= -205 Favorable 2 Direct labor rate variance=13400*(8.16-8)= $2144 Unfavorable Direct labor time variance=8*(13400-3500*4)= -4800 Favorable Direct labor cost variance=(13400*8.16)-(3500*4*8)= -2656 Favorable

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