eBook Direct labor variances Show Me How X Open spreadsheet Office 365 Bellingham Company produces...

70.2K

Verified Solution

Question

Accounting

eBook Direct labor variances Show Me How X Open spreadsheet Office 365 Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. 15,600 units used 61,400 hours at an hourly rate of $19.65 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. 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
image
Direct labor variances Eellingham Company produces a product that requires 3 standard direct labor hours per unik at a standard hourly rate of $21.00 per hour. 15,600 units used 61,400 hour: at an hourly rate of $19.65 per hour. This information has been collected in the Microsort Excel Online fle. 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 dollac. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students