Direct Labor Variances

Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October of the current year are available:

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

Actual rate for direct labor

$$12\mathrm{.}40$ per hr$.$

Bicycles completed in October

$370$ bicycles

Standard direct labor per bicycle

$2hrs.$

Standard rate for direct labor

$$12\mathrm{.}60$ per hr$.$

a$.$ Determine for October 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?