Do not give answer in image Direct Labor VariancesCorpus Christi Bicycle Company manufactures commuter bicycles from recycled materials. Corpus Christi Bicycle Company records standard costs in its accounts. Thefollowing data for March are available:Quantity of direct labor usedActual rate for direct laborBicycles completed in MarchStandard direct labor per bicycleStandard rate for direct labor$12.70 per hr.190 bicycles2 hrs.$13.00 per hr.a. Determine for March the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative numberusing a minus sign and an unfavorable variance as a positive number.Direct Labor Rate VarianceDirect Labor Time VarianceTotal Direct Labor Cost Variance410 hrs.$b. How much direct labor should be debited to Work in Process?

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Description: Do not give answer in image Direct Labor VariancesCorpus Christi Bicycle Company manufactures commuter bicycles from recycled materials. Corpus Christi Bicycle Company records standard costs in its accounts. Thefollowing data for March are available:

The difference between the standard cost of direct labor allowed for production and the actual cost…

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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: 410 hrs. $12.70 per hr. 190 bicycles 2 hrs. $13.00 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 Quantity of direct labor used Actual rate for direct labor Bicycles completed in March Standard direct labor per bicycle Standard rate for direct labor Direct Labor Time Variance Total Direct Labor Cost Variance b. How much direct labor should be debited to Work in Process?

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: 410 hrs. $12.70 per hr. 190 bicycles 2 hrs. $13.00 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 Quantity of direct labor used Actual rate for direct labor Bicycles completed in March Standard direct labor per bicycle Standard rate for direct labor Direct Labor Time Variance Total Direct Labor Cost Variance b. How much direct labor should be debited to Work in Process?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 9E: Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data...

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