Maurice Tutor

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Category > Accounting Posted 20 Aug 2017 My Price 5.00

Reincarnation Bicycle Company

direct labor variances

 

Reincarnation Bicycle Company manufactures commuter bicycles from recycled materials. The following data for April of the current year are available:

Quantity of direct labor used                                         1,530 hrs.

Actual rate for direct labor                                     $17.00 per hr.

Bicycles completed in April                                                         500

Standard direct labor per  bicycle                                        3 hrs. Standard rate for direct labor    $17.50 per hr.

a.    Determine the direct labor rate variance, time variance, and total direct labor cost variance.

b.    How much direct labor should be debited to Work in Process?

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 09:08 AM My Price 5.00

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