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Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,300 units

Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,300 units used 62,500 hours at an hourly rate of $19.65 per hour.

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.

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What is the direct labor (a)rate variance, (b)time variance, and (c)cost variance? Round your answers to the nearest dollar. 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 2

b. Direct labor time variance$fill in the blank 4

c. Direct labor cost variance$fill in the blank 6

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