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What is the direct materials quantity and cost variance

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Reference no: EM133006479

Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.30 per pound. 16,300 units used 36,500 pounds, which were purchased at $3.45 per pound.

Problem 1: What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance?

Reference no: EM133006479

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