Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help and explain. I do not understand where the standard hours are coming from. Bellingham Company produces a product that requires 9 standard hours

please help and explain. I do not understand where the standard hours are coming from.
image text in transcribed
Bellingham Company produces a product that requires 9 standard hours per unit at a standard hourly rate of $14.00 per hour. If 6,500 units required 60,300 hours at an hourly rate of $13.58 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Advanced Accounting

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

13th edition

134472144, 978-0134472140

More Books

Students also viewed these Accounting questions