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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