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What is the direct materials price variance

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Question - Bellingham Company produces a product that requires 6 standard pounds per unit. The standard price is $11.5 per pound. If 2,700 units required 16,700 pounds, which were purchased at $11.04 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance?

Reference no: EM133066823

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