The Batre Bicycle Company makes everyday bicycles from recycled materials. The following data is available for July
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Question:
The Batre Bicycle Company makes everyday bicycles from recycled materials. The following data is available for July of the current year: Amount of direct labor used 460 hrs. Actual direct labor rate $12.2 per hour. Bicycles finished in April 220 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.4 per hour.
Required
a. Determine the direct labor rate variance, the direct labor time variance, and the direct labor total cost variance.
Rate variance $ Time variance $ Total direct labor cost variance $
b. How much direct labor should be charged to Work in Process?
Related Book For
Managerial Accounting
ISBN: 978-1337270595
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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