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What is the direct labor rate variance and cost variance

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Reference no: EM133003831

Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,800 units used 62,400 hours at an hourly rate of $19.60 per hour.

Problem 1: What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance?

Reference no: EM133003831

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