Question
Direct Labor Variances Bellingham Company produces a product that requires 5 standard hours per unit at a standard hourly rate of $22.00 per hour. If
Direct Labor Variances
Bellingham Company produces a product that requires 5 standard hours per unit at a standard hourly rate of $22.00 per hour. If 5,500 units required 26,900 hours at an hourly rate of $22.66 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 | $ | Unfavorable |
| b. Direct labor time variance | $ | Favorable |
| c. Total direct labor cost variance | $ |
Direct Labor Variances
Bellingham Company produces a product that requires 5 standard hours per unit at a standard hourly rate of $22.00 per hour. If 5,500 units required 26,900 hours at an hourly rate of $22.66 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 | $ | Unfavorable |
| b. Direct labor time variance | $ | Favorable |
| c. Total direct labor cost variance | $ |
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The Core Aspects Of International Financial Reporting Standards And International Accounting Standards
Authors: Steven Collings
1st Edition
1438993196, 978-1438993195
