Direct Labor Variances Bellingham Company produces a product that requires 4 standard direct labor hours...
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Accounting
Direct Labor Variances
Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $20 per hour. If 15,000 units used 61,800 hours at an hourly rate of $19.85 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
$
Favorable
b. Direct labor time variance
$
Unfavorable
c. Direct labor cost variance
$
Unfavorable
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