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Bellingham Company produces a product that requires 4 standard hours per unit at a standard hourly rate of $11.00 per hour. If 2,000 units required
Bellingham Company produces a product that requires 4 standard hours per unit at a standard hourly rate of $11.00 per hour. If 2,000 units required 7,700 hours at an hourly rate of $11.55 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor 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 | $ | |
b. Direct labor time variance | $ | |
c. Total direct labor cost variance | $ |
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