Direct Labor Variances Bellingham Company produces a product that requires 5 standard direct...
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Accounting
Direct Labor Variances
Bellingham Company produces a product that requires standard direct labor hours per unit at a standard hourly rate of $ per hour. If units used hours at an hourly rate of $ 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
$
Favorable
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Unfavorable variances can be thought of as increasing costs a debit Favorable variances can be thought of as decreasing costs a credit
The labor cost variance is the difference between the actual and standard labor cost.
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