Direct labor variances

Bellingham Company produces a product that requires $4$ standard direct labor hours per unit at a standard hourly rate of $$21\mathrm{.}00$ per hour. $15,000$ units used $67,000$ hours at an hourly rate of $$19\mathrm{.}40$ per hour.Direct labor variances

hourly rate of $$19\mathrm{.}40$ per hour.

Open spreadsheet

minus sign and an unfavorable variance as a positive number.

a$.$ Direct labor rate variance

s

Favorable $vv$

b$.$ Direct labor time variance

$

Unfavorable $vv$

c$.$ Direct labor cost variance

$

Unfavorable $$