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Please show explanation step by step INFO Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly
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INFO
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. 15,800 units used 63,700 hours at an hourly rate of $19.30 per hour.
PROBLEM:
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 | ? | Favorable |
b. Direct labor time variance | ? | Unfavorable |
c. Direct labor cost variance | ? | Unfavorable
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