Hoschild Bicycle Company manufactures bicycles. The following data for September of the current year are available: Quantity

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Hoschild Bicycle Company manufactures bicycles. The following data for September of the current year are available:

Quantity of direct labor used ........ 850 hrs.

Actual rate for direct labor ......... $ 15.60 per hr.

Bicycles completed in September ...... 400

Standard direct labor per bicycle ....... 2 hrs.

Standard rate for direct labor ....... $ 16.00 per hr.

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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Financial and Managerial Accounting

ISBN: 978-1285078571

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 27, 2014 03:22 AM

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Hoschild Bicycle Company manufactures bicycles. The following data for September of the current year are available: Quantity

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