ard direct labor hours per unit at a standard hourly rate of $21.00 per hour, 15,200 units used 62,900 hours at an hourly rate of 319.20 per hour. e file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below: d (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavonable variance as a positive rumber Lebif) Favorable varances can be flought of as decinasing costs ta credo. standard labor cost. Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $21,00 per hour: 15,200 units used 62,900 hours a This information has been collected in the Microsoft Excel Online file. Open the spreadsheot, perform the required analvsis, and input your answers in the questions below. Open spreadsheet What is the direct laber (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollac. Enter a favorable variance as a negative numbe The labor cost variance is the difference betereen the actuat and standard tabor cost. The following data is provided for Bellingham Company Using formulas and cell references. perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15.C17) into the appropriate fields in CNOWV2 for grading a. Direct labor rate variance b. Direct labor time variance lc. Direct labor cost variance