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Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $15.00 per hour. If 4,800
Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $15.00 per hour. If 4,800 units used 10,000 hours at an hourly rate of $14.55 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a. Direct labor rate variance$fill in the blank 1 b. Direct labor time variance$fill in the blank 3 c. Direct labor cost variance$fill in the blank 5
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