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Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $14.00 per hour. If 3,100
Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $14.00 per hour. If 3,100 units used 25,800 hours at an hourly rate of $13.72 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 | FavorableUnfavorable |
b. Direct labor time variance | $fill in the blank 3 | FavorableUnfavorable |
c. Direct labor cost variance | $fill in the blank 5 | FavorableUnfavorable |
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