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Direct labor variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per

Direct labor variances

Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,500 units used 61,400 hours at an hourly rate of $19.95 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.

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What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. 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 2
FavorableUnfavorableFavorable
b. Direct labor time variance $fill in the blank 4
FavorableUnfavorableUnfavorable
c. Direct labor cost variance $fill in the blank 6
FavorableUnfavorableUnfavorable

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