Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help Direct labor variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourlyr rate of

image text in transcribed

Please help

image text in transcribedimage text in transcribed
Direct labor variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourlyr rate of $22.00 per hour. 15,400 units used 65,800 hours at an hourly rate of $19.35 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. Qpen 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 54:] X Favorable ' VI b. Direct labor time variance $|:] X Unfavorable ' v' c. Direct labor cost variance $|:] Unfavorable ' J Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.55 per pound. 16,200 units used 36,400 pounds, which were purchased at $3.70 per pound. 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. Open spreadsheet What is the direct materials (a) price variance, (b) quantity 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 materials price variance $ :| Unfavorable ' J b. Direct materials quantity variance $ :| Favorable V v/ c. Direct materials cost variance $ :| Unfavorable ' J

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

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

4th Canadian edition

978-1259103261

More Books

Students also viewed these Accounting questions

Question

1. Maintain my own perspective and my opinions

Answered: 1 week ago