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 $780hrs.$

Actual rate for direct labor $$13\mathrm{.}50$ per hr$.$

Bicycles completed in March

$370$ bicycles

Standard direct labor per bicycle $2hrs.$

Standard rate for direct labor $$13\mathrm{.}80$ 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 necative 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?