La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following data for July of...
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La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 650 hrs. Actual rate for direct labor $12.3 per hr. Bicycles completed in April 310 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.5 per hr. a. Determine the direct labor rate variance, direct labor time variance, and 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. Direct Labor Rate Variance Favorable Direct Labor Time Variance Unfavorable Total Direct Labor Cost Variance Unfavorable b. How much direct labor should be debited to Work in Process? La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 650 hrs. Actual rate for direct labor $12.3 per hr. Bicycles completed in April 310 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.5 per hr. a. Determine the direct labor rate variance, direct labor time variance, and 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. Direct Labor Rate Variance Favorable Direct Labor Time Variance Unfavorable Total Direct Labor Cost Variance Unfavorable b. How much direct labor should be debited to Work in Process?
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Related Book For
Managerial Accounting
ISBN: 978-1337270595
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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