Business
AccountingAccounting (Text Only)Direct labor variances Reincarnation Bicycle Company manufactures commuter bicycles from recycled materials. The following data for April of the current year are available: Quantity of direct labor used 1,530 hrs. Actual rate for direct labor $17.00 per hr. Bicycles completed in April 500 Standard direct labor per bicycle 3 hrs. Standard rate for direct labor $17.50 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. b. How much direct labor should be debited to Work in Process?

Direct labor variances Reincarnation Bicycle Company manufactures commuter bicycles from recycled materials. The following data for April of the current year are available: Quantity of direct labor used 1,530 hrs. Actual rate for direct labor $17.00 per hr. Bicycles completed in April 500 Standard direct labor per bicycle 3 hrs. Standard rate for direct labor $17.50 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. b. How much direct labor should be debited to Work in Process?

BuyFind

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615
BuyFind

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615

Solutions

Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 23.1APE
Problem 23.1BPE
Problem 23.2APE
Problem 23.2BPE
Problem 23.3APE
Problem 23.3BPE
Problem 23.4APE
Problem 23.4BPE
Problem 23.5APE
Problem 23.5BPE
Problem 23.6APE
Problem 23.6BPE
Problem 23.7APE
Problem 23.7BPE
Problem 23.1EX
Problem 23.2EX
Problem 23.3EX
Problem 23.4EX
Problem 23.5EX
Problem 23.6EX
Problem 23.7EX
Problem 23.8EX
Problem 23.9EX
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Problem 23.22EX
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Problem 23.1APR
Problem 23.2APR
Problem 23.3APR
Problem 23.4APR
Problem 23.5APR
Problem 23.1BPR
Problem 23.2BPR
Problem 23.3BPR
Problem 23.4BPR
Problem 23.5BPR
Problem 23.5CPP
Problem 23.1CP
Problem 23.2CP
Problem 23.3CP
Problem 23.4CP
Chapter 23, Problem 23.9EX
Textbook Problem

Direct labor variances

Reincarnation Bicycle Company manufactures commuter bicycles from recycled materials. The following data for April of the current year are available:

Quantity of direct labor used 1,530 hrs.
Actual rate for direct labor $17.00 per hr.
Bicycles completed in April 500
Standard direct labor per bicycle 3 hrs.
Standard rate for direct labor $17.50 per hr.

a. Determine the direct labor rate variance, time variance, and total direct labor cost variance.

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

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Chapter 23,
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Chapter 23 Solutions

Accounting (Text Only)
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Ch. 23 - Direct materials variances Lo-bed Company produces...Ch. 23 - Direct materials variances Dvorak Company produces...Ch. 23 - Direct labor variances Lo-bed Company produces a...Ch. 23 - Direct labor variances Dvorak Company produces a...Ch. 23 - Factory overhead controllable variance Lo-bed...Ch. 23 - Factory overhead controllable variance Dvorak...Ch. 23 - Factory overhead volume variance Lo-bed Company...Ch. 23 - Factory overhead volume variance Dvorak Company...Ch. 23 - Standard cost journal entries Lo-bed Company...Ch. 23 - Standard cost journal entries Dvorak Company...Ch. 23 - Income statement with variances Prepare a 2016...Ch. 23 - Income statement with variances Prepare an income...Ch. 23 - Activity inputs and outputs The following are...Ch. 23 - Activity inputs and outputs The following are...Ch. 23 - Standard direct materials cost per unit Choco La...Ch. 23 - Standard product cost Wood You Lie To Me Furniture...Ch. 23 - Budget performance report Genie in a Botile...Ch. 23 - Direct materials variances The following data...Ch. 23 - Direct materials variances Silicone Engine Inc....Ch. 23 - Standard direct materials cost per unit from...Ch. 23 - Standard product cost, direct materials variance...Ch. 23 - Direct labor variances The following data relate...Ch. 23 - Direct labor variances Reincarnation Bicycle...Ch. 23 - Direct tabor variances Greeson Clothes Company...Ch. 23 - Direct labor standards for nonmanufacturing...Ch. 23 - Direct labor standards for a service company One...Ch. 23 - Direct labor variances for a service company...Ch. 23 - Direct materials and direct labor variances At the...Ch. 23 - Flexible overhead budget Leno Manufacturing...Ch. 23 - Flexible overhead budget Wiki Wiki Company has...Ch. 23 - Factory overhead cost variances The following data...Ch. 23 - Factory overhead cost variances Blumen Textiles...Ch. 23 - Factory overhead variance corrections The data...Ch. 23 - Factory overhead cost variance report Tannin...Ch. 23 - Recording standards in accounts Cioffi...Ch. 23 - Recording standards in accounts The Assembly...Ch. 23 - Income statement indicating standard cost...Ch. 23 - Nonfinancial performance measures Diamond Inc. is...Ch. 23 - Nonfinancial performance measures Alpha University...Ch. 23 - Direct materials and direct labor variance...Ch. 23 - Flexible budgeting and variance analysis I Love My...Ch. 23 - Direct materials, direct labor, and factory...Ch. 23 - Factory overhead cost variance report Tiger...Ch. 23 - Standards for nonmanufacturing expanses Code Head...Ch. 23 - Direct materials and direct labor variance...Ch. 23 - Flexible budgeting and variance analysis Im Really...Ch. 23 - Direct materials, direct labor, and factory...Ch. 23 - Factory overhead cost variance report Feeling...Ch. 23 - Standards for nonmanufacturing expenses for a...Ch. 23 - Genuine Spice Inc. began operations on January 1...Ch. 23 - Ethics in Action Dash Riprock is a cost analyst...Ch. 23 - Nonfinancial performance measures The senior...Ch. 23 - Variance interpretation You have been asked to...Ch. 23 - Variance interpretation Vanadium Audio Inc. is a...

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