Reference no: EM132581009

Question 1.) Bellingham Company produces a product that requires 7 standard pounds per unit. The standard price is $8.5 per pound. If 4,900 units required 35,300 pounds, which were purchased at $8.07 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.

Question 2.) Bellingham Company produces a product that requires 5 standard hours per unit at a standard hourly rate of $19.00 per hour. If 5,400 units required 27,800 hours at an hourly rate of $19.38 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.

Question 3.) Bellingham Company produced 3,300 units of product that required 2.5 standard hours per unit. The standard variable overhead cost per unit is $6.00 per hour. The actual variable factory overhead was $50,290. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Question 4.) Dvorak Company produced 3,800 units of product that required 3.5 standard hours per unit. The standard fixed overhead cost per unit is $2.60 per hour at 12,100 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.