Bellingham Company produces a product that requires 3 standard direct hours at an hourly rate of $19.35 per hour. This information has been collected in the Microsoft Excel Online file. Ope
Bellingham Company produces a product that requires 3 standard direct hours at an hourly rate of $19.35 per hour. This information has been collected in the Microsoft Excel Online file. Ope
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 5SEB: PREDETERMINED FACTORY OVERHEAD RATE Marston Enterprises calculates a predetermined factory overhead...
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![Direct labor variances
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,700 units used 63,900
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.
Open 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
b. Direct labor time variance
c. Direct labor cost variance
000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45a539d8-0175-49be-87b9-0888edd41698%2F1544ea4e-48d3-4c20-b4a5-e2d939f92deb%2F8m2d3h5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Direct labor variances
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,700 units used 63,900
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.
Open 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
b. Direct labor time variance
c. Direct labor cost variance
000
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