Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach Chapters 1-25

Authors: Jeffrey Slater, Mike Deschamps

15th Edition

0137504284, 9780137504282

More Books

Students also viewed these Accounting questions

Question

Be able to differentiate between arbitration and mediation

Answered: 1 week ago

Question

Understand how arbitrators are credentialed and selected

Answered: 1 week ago

Question

Appreciate the advantages of arbitration

Answered: 1 week ago