Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,100 units used 64,300 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 The following data is provided for Bellingham Company: DATA Standard direct labor hours per unit Standard hourly rate Units produced Actual labor hours used Actual hourly rate 3 $22.00 15,100 64,300 $19.65 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. a. Direct labor rate variance b. Direct labor time variance c. Direct labor cost variance Amount Formulas Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,100 units used 64,300 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 The following data is provided for Bellingham Company: DATA Standard direct labor hours per unit Standard hourly rate Units produced Actual labor hours used Actual hourly rate 3 $22.00 15,100 64,300 $19.65 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. a. Direct labor rate variance b. Direct labor time variance c. Direct labor cost variance Amount Formulas
Expert Answer:
Answer rating: 100% (QA)
SOLUTION a Direct labor rate variance The direct labor rate variance measures the difference between ... View the full answer
Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
Posted Date:
Students also viewed these accounting questions
-
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. 16,000 units used 62,200 hours at an hourly rate of $19.15 per...
-
1. Based on the dice roll apk, design a dice game application which can be played against phone or against an other player (i.e. two different modes). Your project should include; a. A class or...
-
Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $2000 per hour If 3,400 units used 33,300 hours at an hourly rate of $2060 per...
-
1. Calculate the density of O2, in g/L, at STP. 1.62 g/L b. 0,714 g/L 1.43 g/L. d. 1.14 g/L e. 0.810 g/L a. .
-
Quality improvement, relevant costs, relevant revenues. Flagstar Conference Center and Catering is a conference center and restaurant facility that hosts over 300 national and international events...
-
Given two independent random variables \(X_{1}, X_{2}\) (a) Provide an expression for \(E\left[X_{1}+X_{2} \mid X_{1}ight]\). (b) Evaluate the above when \(E\left[X_{1}ight]=E\left[X_{2}ight]=0\).
-
Mr. Tam is the front man for the Asian American dance-rock band The Slants. Mr. Tam named his band The Slants to reclaim and take ownership of Asian stereotypes. The band draws inspiration for its...
-
Homepride Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of the Spinning Department is transferred to the Tufting...
-
Use L . C 3 Assembly Instruction set table to convert the following code to Binary ISA codes: AND NOT RO,RO,#0 RO,RO AND RI,RI,#0 ADD RI,RI,#1 NOT RI,RI NOT RI.RI ADD RO,RO,RI
-
Consider the following information regarding corporate bonds: Rating AAA AA A BBB BB B CCC Average Default Rate 0.0% 0.1% 0.2% 0.45% 2.2% 5.5% 12.2% Recession Default Rate 0.0% 1.0% 3.0% 3.0% 8.0%...
-
Your working as an economic policy advisor for the government of Canada and are tasked with providing evidence on the benifits of Canada's free trade agreement with the European Union. a) Use a...
-
Why it is necessary to cultivate openness to change with a team and within an organization? What are different types of change that may occur and be needed within an organization? What are various...
-
1. Discuss five formatting techniques that improve the appearance and readability of an electronic presentation?
-
Identify those that have stake in the outcome of the collaborative Identification of the problem to be solved- Identify barriers to creating a solution Clarification of the agreed outcome Clarify the...
-
Why is the layout of warehouses important? Explain with examples
-
The admissiondepartment at New YorkUniversity places an order with a commercial distributor for 500 New YorkUniversity Sweatshirts at $20.00 each. There is no mention of guarantees or warranties in...
-
Consider the business partnership between the chip manufacturer AMD and the EV manufacturer Tesla. Suppose AMD sells chips exclusively to Tesla, and Tesla buys chips exclusively from AMD. Assume each...
-
What are some of the features of the Unified Process (UP)?
-
The Grand Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest check-in, room cleaning, and meal service. The activity rates...
-
El Pollo Loco Holdings, Inc. (LOCO), Spanish for The Crazy Chicken, operates almost 500 restaurants, approximately 40% of which are company-owned and the rest are franchises. El Pollo Loco combines...
-
The following information concerns production in the Finishing Department for May. The Finishing Department uses the weighted average method. a. Determine the number of units in work in process...
-
Several years ago, Catherines Cattery Supplies signed a contract to deliver 5000 units of a special product each year to one of its customers at a price of $15 per unit. This contract, which runs for...
-
Cairns Farming is a small family run dairy farm, which is finding it hard to continue in business. After visiting a farm in Nienberg, Germany, it is considering buying equipment that will enable it...
-
The Anderson Group has identified the following capital expenditure proposals as acceptable. Only $150 000 is available for investment. Required: Determine the combination of proposals to be...
Study smarter with the SolutionInn App