Hi,

I need help with the formulas for the problem below.

Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,200 units used 65,500 hours at an hourly rate of $19.25 per hour.

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	Favorable
b. Direct labor time variance	$fill in the blank 4	Unfavorable
c. Direct labor cost variance	$fill in the blank 6	Unfavorable