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What is the direct materials price variance

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Reference no: EM133146923

Question - Direct materials variances - Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.45 per pound. 15,500 units used 35,300 pounds, which were purchased at $3.55 per pound.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Required - What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance?

Reference no: EM133146923

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