Direct Labor Variances La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used Actual rate for direct labor Bicycles completed in April Standard direct labor per bicycle Standard rate for direct labor a. Determine 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 420 hrs $12.1 per hr. 200 bicycles 2 hrs. $12.3 per hr Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 50 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows: Standard wage per hour Standard labor time per unit Standard number of lbs. of brass Standard price per lb. of brass Actual price per lb. of brass Actual lbs. of brass used during the week $12 15 min 2.1 lbs $10.25 $10.5 18,818 18,818 lbs. 8,700 $12.36 Actual lbs. of brass used during the week Number of units produced during the week Actual wage per hour Actual hours for the week (50 employees 40 hours) Required: 2,000 hrs a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places Direct materials standard cost per unit Direct labor standard cost p 18,818 bs. 8,700 $12.36 Actual lbs. of brass used during the week Number of units produced during the week Actual wage per hour Actual hours for the week (50 employees x 40 hours) 2,000 hrs. Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. os Direct materials standard cost per unit Direct labor standard cost pe Direct labor standard cost per unit Total standard cost per unit b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance Unfavorable Unfavorable Unfavorable c. Determine the direct labo ime variance, and total direct otai virect Matenais cost variance c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Unravorabiey Unfavorable Favorable Direct Labor Rate Variance nirect I ahor Time Variance Check My Work Previous Assignment Score: 39.93% Email Instructor Save and Exit Submit Assignment for Grading
