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Business, 15.06.2020 21:57 borgesalfonso12

Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $6.5 per pound. If 5,000 units used 56,100 pounds, which were purchased at $6.17 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$
Favorable
b. Direct materials quantity variance$
Unfavorable
c. Direct materials cost variance

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