Direct labor variances OBJ. 3, 5 Reincarnation Bicycle Company manufactures commuter bicycles from recycled materials. The following
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Direct labor variances OBJ. 3, 5 Reincarnation Bicycle Company manufactures commuter bicycles from recycled materials.
The following data for April of the current year are available:
Quantity of direct labor used 1,530 hrs.
Actual rate for direct labor $17.00 per hr.
Bicycles completed in April 500 Standard direct labor per bicycle 3 hrs.
Standard rate for direct labor $17.50 per hr.
a. Determine the direct labor rate variance, time variance, and total direct labor cost variance.
b. How much direct labor should be debited to Work in Process?
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Related Book For
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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