Blue Ridge Bicycle Company manufactures mountain bikes. The following data for May of the current year are
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Blue Ridge Bicycle Company manufactures mountain bikes. The following data for May of the current year are available:
Quantity of direct labor used .... 1,400 hours
Actual rate for direct labor ... $16.15 per hour
Bicycles completed in May ........ 280
Standard direct labor per bicycle ... 5.30 hours
Standard rate for direct labor .... $15.25 per hour
Planned bicycles for May .......... 210
a. Determine the direct labor rate and time variances.
b. How much direct labor should be debited to Work in Process?
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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