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 $700$ hrs$.$

Actual rate for direct labor $$12\mathrm{.}30$ per hr$.$

Bicycles completed in March

$330$ bicycles

Standard direct labor per bicycle

$2hrs.$

Standard rate for direct labor $$12\mathrm{.}50$ 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?

s $$