Big Sky Bicycle Company manufactures mountain bikes. The following data for March of the current year are

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Big Sky Bicycle Company manufactures mountain bikes. The following data for March of the current year are available:

Quantity of direct labor used .......... 1,300 hours

Actual rate for direct labor ...........$16.40 per hour

Bicycles completed in March .......... 250

Standard direct labor per bicycle .......... 5.60 hours

Standard rate for direct labor ..........$15.75 per hour

Planned bicycles for March ........... 200

a. Determine the direct labor rate and time variance.

b. How much direct labor should be debited to Work in Process?

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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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Question Posted: Nov 19, 2012 05:45 AM

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Big Sky Bicycle Company manufactures mountain bikes. The following data for March of the current year are

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a b Debit to work in process Standard hours at actual production 1400 Standard rate 1575 ...View the full answer

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