Calcul xOrdereBookgoogleXDirect Labor VariancesRe-Cycle Company manufacturesQuantity of direct labor usedActual rate for direct laborBicycles completed in JulyStandard direct labor per bicycleStandard rate for direct laborCheck My Works Dallas Xw.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false#Show Me HowDirect labor rate varianceDirect labor time varianceTotal direct labor cost varianceb. How much direct labor should be debited to Work in Process?8 ScoreOOllX M myboxcommuter bicycles from recycled materials. The following data for July of the current year are available:670 hrs.$12.20 per hr.310 bicycles2 hrs.$12.40 per hr%Print Item<Cenga xCenga xCengaa. 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 asa positive number.✪&CathoX+•3VQ < ☆ChromeOS update for Android... • 25mUpdate required today* ODLONov 14 6:36 0

Name: Calcul xOrdereBookgoogleXDirect Labor VariancesRe-Cycle Company manuf
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Description: Calcul xOrdereBookgoogleXDirect Labor VariancesRe-Cycle Company manufacturesQuantity of direct labor usedActual rate for direct laborBicycles completed in JulyStandard direct labor per bicycleStandard rate for direct laborCheck My Works Dallas Xw.co

Variances are the differences between the standard costs and the actual costs. If the standard costs…

Business

Accounting

< 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 670 hrs. Actual rate for direct labor Bicycles completed in July Standard direct labor per bicycle Standard rate for direct labor $12.20 per hr. 310 bicycles 2 hrs. $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 Direct labor time variance) Total direct labor cost variance) b. How much direct labor should be debited to Work in Process?

< 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 670 hrs. Actual rate for direct labor Bicycles completed in July Standard direct labor per bicycle Standard rate for direct labor $12.20 per hr. 310 bicycles 2 hrs. $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 Direct labor time variance) Total direct labor cost variance) b. How much direct labor should be debited to Work in Process?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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?
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 590 hrs. Actual rate for direct labor $12.50 per hr. Bicycles completed in October 280 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.80 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
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Direct labor variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. 15,200 units used 65,200 hours at an hourly rate of $19.50 per hour. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance b. Direct labor time variance c. Direct labor cost variance
The equation for standard labor rate confuses me. Can you help?
Subject: acounting
lion athletics company manufactures commuter bicycles from recycled materials. the following data for october are available: quantity of direct labor used- 5,000 hours actual rate for direct labor- $22.75 per hour bicycles completed in october- 800 bicycles standard direct labor per bicycle- 6 hours standard rate for direct labor- $24 per hour NOW FIND: direct labor rate variance: direct labor time variance: total direct labor cost variance:
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