Direct labor variance La Batre Bicycle company manufactures commuter bicycles from recycled materials. The following...
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Accounting
Direct labor variance
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 760 hr
Actual rate for direct labor. $11.2 per hr.
Bicycles completed in April. 360 bicycles
Standard direct labor per bicycle. 2 hrs.
standard rate for direct labor. $11.4 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 unfavaroable variance as a positive number:
direct labor rate variance. $. Favorable/unfavorable
direct labor time variance. $. Favorable/Unfavorable
total direct labor Cost Variance. $. Favorable/Unfavorable
b. How much direct labor should be debited to work in process?
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