Direct Labor Variances
Bellingham Company produces a product that requires 5 standard direct labor hours per unit at a standard hourly rate of $9.00 per hour. If 4,100 units used 19,700 hours at an hourly rate of $9.18 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 | $ | |
c. Direct labor cost variance | $ |
Labor rate variance = (SR-AR) *AH = (9-9.18)*19700 = 3546 Unfavorable |
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Labor time variance = (SH-AH) *SR = (4100*5 - 19,700)* 9 = -7200 favorable (minus sign) |
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Labor cost variance = 3546 U + 7200 F = - 3654 Favourable (minus) |
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