Direct Labor Variances

Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $11.00 per hour. If 2,900 units used 30,200 hours at an hourly rate of $10.67 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.

Factory Overhead Volume Variance

Bellingham Company produced 4,400 units of product that required 1.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.60 per direct labor hour at 6,100 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.