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What is the direct labor time variance and cost variance

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Reference no: EM133006481

Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,600 units used 66,600 hours at an hourly rate of $19.80 per hour.

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

 

Reference no: EM133006481

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