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 560 hrs. Actual rate for direct labor $12.10 per hr. Bicycles completed in July 260 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.30 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable varia Direct labor rate variance Favorable Direct labor time variance Unfavorable Total direct labor cost variance $ Unfavorable

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 560 hrs. Actual rate for direct labor $12.10 per hr. Bicycles completed in July 260 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.30 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable varia Direct labor rate variance Favorable Direct labor time variance Unfavorable Total direct labor cost variance $ Unfavorable

Name: Direct Labor VariancesLa Barte Company manufactures commuter bicycles
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Description: Direct Labor VariancesLa Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available:Quantity of direct labor used560 hrs.Actual rate for direct labor$12.10 per hr.Bicycles comp

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 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...

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Direct Labor Variances Re-Cycle Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 780 hrs. Actual rate for direct labor $12.20 per hr. Bicycles completed in July 370 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.40 per hr. a. Determine 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 $fill in the blank 1 Direct labor time variance fill in the blank 3 Total direct labor cost variance $fill in the blank 5 b. How much direct labor should be debited to Work in Process?$fill in the blank 7
Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October of the current year are available: Quantity of direct labor used 800 hrs Actual rate for direct labor $11.50 per hr. Bicycles completed in October 380 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $11.70 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 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?
3. La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Category Quantity of direct labor used Actual rate for direct labor Amount 5,050 hrs. $16.75 per hr. 1,000 bicycles Bicycles completed in April Standard direct labor per bicycle 5.4 hrs. Standard rate for direct labor $16.00 per hr. a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. b. How much direct labor should be debited to Work in Process?
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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 530 hrs. Actual rate for direct labor $13.7 per hr. Bicycles completed in April 250 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 variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance $fill in the blank 1 Favorable Direct Labor Time Variance $fill in the blank 3 Unfavorable Total Direct Labor Cost Variance $fill in the blank 5 Unfavorable b. How much direct labor should be debited to Work in Process?$fill in the blank 7
Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October of the current year are available: Quantity of direct labor used 500 hrs. Actual rate for direct labor $10.90 per hr. Bicycles completed in October 240 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $11.10 per hr. a. Determine for October the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance Direct Labor Time Variance Total Direct Labor Cost Variance b. How much direct labor should be debited to Work in Process?$fill in the blank 7