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Direct Labor Variances Bellingham Company produces a product that requires 5 standard direct labor hours per...

Direct Labor Variances

Bellingham Company produces a product that requires 5 standard direct labor hours per unit at a standard hourly rate of $17.00 per hour. If 5,300 units used 25,700 hours at an hourly rate of $17.68 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 ? Unfavorable
b. Direct labor time variance ? Favorable
c. Direct labor cost variance ? Unfavorable
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