La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of...

50.1K

Verified Solution

Question

Accounting

La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available:

Quantity of direct labor used 410 hrs.
Actual rate for direct labor $11.10 per hr.
Bicycles completed in July 190 bicycles
Standard direct labor per bicycle 2 hrs.
Standard rate for direct labor $11.30 per hr.

a. Determine the direct labor rate variance, 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 $fill in the blank 1
Direct labor time variance fill in the blank 3
Total direct labor cost variance $fill in the blank 5

b. How much direct labor should be debited to Work in Process? $fill in the blank 7

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students