Question
Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. If 5,500
Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. If 5,500 units used 21,100 hours at an hourly rate of $21.63 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.Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. If 5,500 units used 21,100 hours at an hourly rate of $21.63 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started