Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds pe
Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $8 per pound. If 2.900 units required 36,200 pounds, which were purchased at $7.76 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. a. Direct materials price variance 8,688 X Favorable X b. Direct materials quantity variance -11,200 X Unfavorable X C. Total direct materials cost variance -2,512 X Unfavorable X
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