Question 1

Question 2

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: 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. b. How much direct labor should be debited to Work in Process? b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance, Enter a tavorable variance as a neative number using a minus sign and an unfavarable variance as a positive number. Direct Materials Price varlance. Direct Materisis Quantity Varlance Total Oirect Materals cost Variance c. Deterrine the direct labor rate vanance, direct labor pme varience, and totai direct labor cove variance. Enter a faverable variance as e negative number using a minus sign and an unfavarable variance as a positive number. Direct Labor Rate Variance pirect Lae Time Variance fotai Direct Laber Cost Vanance Direct Materials and Direct Labor Variance Analysis Jericho Fixture Company manufactures faucets in a small manufacturing facilty. The faucets are made from brass. Manufacturing has 45 employees. Each employee presently provides 38 hours of labor per week. Information about a production week is as follows: a. Determine the standard cout por unit for direct matenals and direct labor. Round the cost per unit to two decimal places. b. Deternine the direct materials price variance, direct meterials quatity variance, and total direct materals c0 variance: Enter a favorable varance as a negative number using a minus sign and or unfoverable variance as a positive number