Direct labor variances

Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. 15,400 units used 61,400 hours at an hourly rate of $19.00 per hour.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Direct Labor variances

The following data is provided for Bellingham Company

Standard direct labor hours per unit 3

Standard hourly rate $21.00

Units Produced 15,400

Actual labor hours worked 61,400

Actual hourly rate $19.00

Using formulas and cell references,perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWv2 for grading.

Amount Formula

a.	Direct labor rate variance
b.	Direct labor time variance
c.	Direct labor cost variance