Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need assistance please thank you in advance Direct labor variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at

need assistance please thank you in advance

image text in transcribed
Direct labor variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,500 units used 64,500 hours at an hourly rate of $19.60 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. utput Open spreadsheet 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 -154,800 Favorable b. Direct labor time variance 464,400 X Unfavorable v c. Direct labor cost variance 464,400 X Unfavorable v Feedback Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of decreasing costs (a credit)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting And Analysis

Authors: Lawrence Revsine, Daniel Collins

4th Edition

0073527092, 978-0073527093

Students also viewed these Accounting questions