Answered step by step
Verified Expert Solution
Question
1 Approved Answer
La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used
La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available:
Quantity of direct labor used | 410 hrs. |
Actual rate for direct labor | $11.10 per hr. |
Bicycles completed in July | 190 bicycles |
Standard direct labor per bicycle | 2 hrs. |
Standard rate for direct labor | $11.30 per hr. |
a. Determine the direct labor rate variance, 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 | $fill in the blank 1 | |
Direct labor time variance | fill in the blank 3 | |
Total direct labor cost variance | $fill in the blank 5 |
b. How much direct labor should be debited to Work in Process? $fill in the blank 7
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started