Bellingham Company produces a product that requires $3$ standard direct labor hours per unit at a standard hourly rate of $$20\mathrm{.}00$ per hour. $15,000$ units used $62,000$ hours at an hourly rate of $$19\mathrm{.}55$ 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.

Open spreadsheet

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 $6$ Direct labor variances

The following data is provided for Bellingham Company:

DATA

Standard direct labor hours per unit $3$

Standard hourly rate $$20\mathrm{.}00$

Units produced $15,000$

Actual labor hours used $62,000$

Actual hourly rate $$19\mathrm{.}55$

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 D$15$:D$17.$ Transfer the numeric results for the green entry cells $($C$15$:C$17)$ into the appropriate fields in CNOWv$2$ for grading. $$

Amount Formulas

a$.$ Direct labor rate variance

b$.$ Direct labor time variance

c$.$ Direct labor cost variance