Direct Labor Variances Re-Cycle Company manufactures commuter bicycles from recycled materials. The following data for...
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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 440 hrs. Actual rate for direct labor $12.80 per hr Bicycles completed in July 210 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $13.10 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
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