Please help me step by step with how to get numbers.  Also if using excel please take out the formula in leave the numbers, last time you left formula instead and I could not check to see if I was right. Direct Labor Variances Alpine Bicycle Company manufactures road bikes. The following data for September of the current year are available: Quantity of direct labor used 790 hrs. Actual rate for direct labor $13.4 per hr. Bicycles completed in September 370 Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $13.7 per hr. a.  Determine the direct labor rate variance and direct labor time variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $   Time variance $   Total direct labor cost variance $   b.  How much direct labor should be debited to Work in Process?$ Liz C

Question

Please help me step by step with how to get numbers.  Also if using excel please take out the formula in leave the numbers, last time you left formula instead and I could not check to see if I was right.

Direct Labor Variances

Alpine Bicycle Company manufactures road bikes. The following data for September of the current year are available:

Quantity of direct labor used 790 hrs.
Actual rate for direct labor $13.4 per hr.
Bicycles completed in September 370
Standard direct labor per bicycle 2 hrs.
Standard rate for direct labor $13.7 per hr.

a.  Determine the direct labor rate variance and direct labor time variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Rate variance $  
Time variance $  
Total direct labor cost variance $  

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

Liz C

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