a) Direct labor rate variance = (SR-AR)AH = (13-12.70)*740 = 222 F
Direct labor efficiency variance = (SH-AH)SR = (350*2-740)*13 = 520 U
Total direct labor cost variance = (350*2*13)-(740*12.70) = 298 U
b) Direct labor in work in process = 350*2*13 = $9100
Direct Labor Variances La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following data...
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 640 hrs. Actual rate for direct labor $13.7 per hr. Bicycles completed in April 300 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $14 per hr. a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable...
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 470 hrs. Actual rate for direct labor $10.6 per hr. Bicycles completed in April 220 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $10.8 per hr. a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable...
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 470 hrs. Actual rate for direct labor $12.6 per hr. Bicycles completed in April 220 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.9 per hr. a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable...
Direct Labor Variances La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: 610 hrs Quantity of direct labor ussed $14.4 per hr Actual rate for direct labor 290 bicycles Bicycles completed in April 2 hrs Standard direct labor per bicycle Standard rate for direct labor $14.7 per hr. a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable...
Direct Labor Variances La Batre Bicydle Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 480 hrs. Actual rate for direct labor $11.7 per hr. Bicycles completed in April 230 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $11.9 per hr. a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable...
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 750 hrs. Actual rate for direct labor $11.6 per hr. Bicycles completed in April 350 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $11.8 per hr. b. How much direct labor should be debited to Work in Process?
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 750 hrs. Actual rate for direct labor $11.6 per hr. Bicycles completed in April 350 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $11.8 per hr.
Direct Labor Variances 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 640 hrs. Actual rate for direct labor Bicycles completed in July $13.40 per hr. 300 bicycles 2 hrs. $13.70 per hr. Standard direct labor per bicycle Standard rate for direct labor a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a...
Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October are available: 5,000 hrs. Quantity of direct labor used Actual rate for direct labor $22.75 per hr. 800 bicycles Bicycles completed in October Standard direct labor per bicycle 6.0 hrs. Standard rate for direct labor $24.00 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...
Direct Labor Variances 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 690 hrs. Actual rate for direct labor $12.40 per hr. Bicycles completed in July 320 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.60 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a...