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PLEASE ANSWER THESE TWO QUESTIONS PLEASE TEST DUE IN 40 MINUTES WILL GIVE GOOD RATING Direct Labor Variances Bellingham Company produces a product that requires
PLEASE ANSWER THESE TWO QUESTIONS PLEASE TEST DUE IN 40 MINUTES WILL GIVE GOOD RATING
Direct Labor Variances Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $19.00 per hour. If 2,900 units used 29,600 hours at an hourly rate of $19.76 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. a. Direct labor rate variance b. Direct labor time variance S c. Direct labor cost variance Direct Materials Variances Bellingham Company produces a product that requires eight standard pounds per unit. The standard price is $7.5 per pound. If 2,100 units used 17,100 pounds, which were purchased at $7.2 per pound, what is the direct materials (a) price variance, (b) quantity 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. a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost varianceStep by Step Solution
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