Alpine Bicycle Company manufactures mountain bikes. The following data for May of the current year are available:

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Quantity of direct labor used …………..… 600 hrs.

Actual rate for direct labor ………....... $12.50 per hr.

Bicycles completed in May …………………. 280

Standard direct labor per bicycle ……….….. 2 hrs.

Standard rate for direct labor …..…… $12.75 per hr.

Planned bicycles for May …………………….310

Determine the direct labor rate and time variances.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 21, 2011 05:05 AM

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Alpine Bicycle Company manufactures mountain bikes. The following data for May of the current year are available:

Question:

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Rate variance Direct Labor Rate Variance Actual Rate per Hour Stan...View the full answer

Survey of Accounting

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