F G D 1 Direct labor variances 2 3 The following data is provided for Bellingham Company: 4 5 DATA Standard direct labor hours per unit 7 Standard hourly rate $21.00 8 Units produced 15,400 9 Actual labor hours used 66,500 10 Actual hourly rate $19.90 11 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 D15D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWV2 for grading 12 13 14 Amount Formulas 15 a. Direct labor rate variance 16 b. Direct labor time variance 17 C Direct labor cost variance 18 19 20 21 Direct labor variances Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. 15,400 units used 66,500 hours at an hourly rate of $19.90 per hour This information has been collected in the Microsoft Excel Online hle. Open the spreadsheet, perform the required Analys, and input your answers in the questions below. TH HAH Dans cadaheet What is the direct labor(a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dolar. Enter a favorable variance as a negativn number using a minus sign and an unfavorable variance as a positive number a. Direct labor rate variance Favorable b. Direct labor time variance Untavorable c. Direct labor cost variance Unfavorable Feedbass Check My Wor Unfavorable arances can be thought of as increasing conte la debuFavorievances can be the stomacuts a credit The latior cost variance is the difference between the actual and standard roost Previous Next > Check My Work