Direct Labor Variances
Bellingham Company produces a product that requires 10 standard hours per unit at a standard hourly rate of $20.00 per hour. If 2,900 units required 29,600 hours at an hourly rate of $19.00 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor 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 | $ | U or F |
b. Direct labor time variance | $ | U or F |
c. Total direct labor cost variance | $ | U or F |
Labor rate variance = (SR - AR) * AH = (20 - 19)*29600 = -29,600 F (minus sign) |
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Labor time variance = (SH - AH) * SR = (2900*10 - 29600) * 20 = 12,000 U |
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Labor cost variance = 29600 F + 12000 U = -17,600 F |
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