Please help. @nd pic is spreadsheet. Thank you! Direct labor variancesThe following data is provided for Bellingham Company:DATAStandard direct labor hours per unit3Standard hourly rate$21.00Units produced15,800Actual labor hours used62,200Actual hourly rate$19.30Using formulas and cell references, perform the required analysis, and input your answers into thegreen cells in the Amount column. Select the corresponding type of variance in the dropdowns incells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriatefields in CNOWv2 for grading.AmountFormulasa. Direct labor rate varianceb. Direct labor time variancec. Direct labor cost variance Direct labor variancesBellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $21.00per hour. 15,800 units used 62,200 hours at an hourly rate of $19.30 per hour.This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, andinput your answers in the questions below.XOpen spreadsheetWhat 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 varianceb. Direct labor time variancec. Direct labor cost variance%24

Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Direct labor variances The following data is provided for Bellingham Company: DATA Standard direct labor hours per unit 3 Standard hourly rate $21.00 Units produced 15,800 Actual labor hours used 62,200 Actual hourly rate $19.30 Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWv2 for grading. Amount Formulas a. Direct labor rate variance b. Direct labor time variance c. Direct labor cost variance

Direct labor variances The following data is provided for Bellingham Company: DATA Standard direct labor hours per unit 3 Standard hourly rate $21.00 Units produced 15,800 Actual labor hours used 62,200 Actual hourly rate $19.30 Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWv2 for grading. Amount Formulas a. Direct labor rate variance b. Direct labor time variance c. Direct labor cost variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Please help. @nd pic is spreadsheet. Thank you!

Direct labor variances
The following data is provided for Bellingham Company:
DATA
Standard direct labor hours per unit
3
Standard hourly rate
$21.00
Units produced
15,800
Actual labor hours used
62,200
Actual hourly rate
$19.30
Using formulas and cell references, perform the required analysis, and input your answers into the
green cells in the Amount column. Select the corresponding type of variance in the dropdowns in
cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate
fields in CNOWv2 for grading.
Amount
Formulas
a. Direct labor rate variance
b. Direct labor time variance
c. Direct labor cost variance

Direct labor variances
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 62,200 hours at an hourly rate of $19.30 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.
X
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
%24

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