Provence Bicycle Company manufactures road bikes. The following data for September of the current year are available:
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted: