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Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $13.00 per hour. If 6,000 units used 49,900 hours at an hourly rate of $12.48 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 $   b.  Direct labor time variance $   c.  Direct labor cost variance $

Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $13.00 per hour. If 6,000 units used 49,900 hours at an hourly rate of $12.48 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 $   b.  Direct labor time variance $   c.  Direct labor cost variance $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $13.00 per hour. If 6,000 units used 49,900 hours at an hourly rate of $12.48 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 $  
b.  Direct labor time variance $  
c.  Direct labor cost variance $  
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