Provence Bicycle Company manufactures road bikes. The following data for September of the current year are available:
Quantity of direct labor used ...... 650 hrs.
Actual rate for direct labor ....... $ 14.00 per hr
Bicycles completed in September ....... 280
Standard direct labor per bicycle ..... 2.25 hrs
Standard rate for direct labor ...... $ 14.20 per hr.
(a) Determine the direct labor rate and time variance.
(b) How much direct labor should be debited to work in progress?