< > nh 23: HW Topic: SLO: Costs/Benefits of Budget (20) v2.cengagenow.com + C CengageNOWv2 |...

Transcribed Image Text:

< > nh 23: HW Topic: SLO: Costs/Benefits of Budget (20) v2.cengagenow.com + C CengageNOWv2 | Online teaching and learning resource from 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 Actual rate for direct labor 480 hrs. Bicycles completed in March Standard direct labor per bicycle Standard rate for direct labor $12.80 per hr. 230 bicycles 2 hrs. $13.10 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? Drouin Mout < > nh 23: HW Topic: SLO: Costs/Benefits of Budget (20) v2.cengagenow.com + C CengageNOWv2 | Online teaching and learning resource from 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 Actual rate for direct labor 480 hrs. Bicycles completed in March Standard direct labor per bicycle Standard rate for direct labor $12.80 per hr. 230 bicycles 2 hrs. $13.10 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? Drouin Mout