Question: PLEASE ANSWER THESE TWO QUESTIONS PLEASE TEST DUE IN 40 MINUTES WILL GIVE GOOD RATING Direct Labor Variances Bellingham Company produces a product that requires

PLEASE ANSWER THESE TWO QUESTIONS PLEASE TEST DUE IN 40 MINUTES WILL GIVE GOOD RATINGPLEASE ANSWER THESE TWO QUESTIONS PLEASE TEST DUE IN 40 MINUTES WILLGIVE GOOD RATING Direct Labor Variances Bellingham Company produces a product that

Direct Labor Variances Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $19.00 per hour. If 2,900 units used 29,600 hours at an hourly rate of $19.76 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 S c. Direct labor cost variance Direct Materials Variances Bellingham Company produces a product that requires eight standard pounds per unit. The standard price is $7.5 per pound. If 2,100 units used 17,100 pounds, which were purchased at $7.2 per pound, what is the direct materials (a) price variance, (b) quantity 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 materials price variance b. Direct materials quantity variance c. Direct materials cost variance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!