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I am having an issue grasping the concept of this question with Bellingham Company. If you could include your work that would be great, if
I am having an issue grasping the concept of this question with Bellingham Company. If you could include your work that would be great, if not, no worries. Thank you!
Bellingham Company produces a product that requires 2 standard hours per unit at a standard hourly rate of $13.00 per hour. If 5,300 units required 10,900 hours at an hourly rate of $12.74 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance? 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 b. Direct labor time variance c. Total direct labor cost variance $ Bellingham Company produced 4,300 units of product that required 6 standard hours per unit. The standard variable overhead cost per unit is $2.80 per hour. The actual variable factory overhead was $69,280. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Bellingham Company produced 4,600 units of product that required 6 standard hours per unit. The standard fixed overhead cost per unit is $2.00 per hour at 29,800 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 numberStep by Step Solution
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