Direct Labor Variances

Corpus Christi Bicycle Company manufactures commuter bicycles from recycled materials. Corpus Christi Bicycle Company records standard costs in its accounts. The following data for March are available:

Quantity of direct labor used $780$ hrs$.$

Actual rate for direct labor $$14\mathrm{.}10$ per $hr.$

Bicycles completed in March

$370$ bicycles

Standard direct labor per bicycle

$2$ hrs$.$

Standard rate for direct labor $$14\mathrm{.}40$ per $hr.$

a$.$ Determine for March the direct labor rate variance, direct labor 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

Direct Labor Time Variance

Total Direct Labor Cost Variance $$

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

$