Turquoise Company manufactures kids' bikes. It had estimated that it would manufacture 150 bikes per month. The

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Turquoise Company manufactures kids' bikes. It had estimated that it would manufacture 150 bikes per month. The standard set for direct labor hour per bike was 13 hours, and the standard rate per direct labor was $16 per hour. During January, it took 2,600 direct labor hours at a rate of $28 per hour to manufacture 160 bikes. Compute the direct labor time variance.