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  book-img-for-question

Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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