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...

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	710 hrs.
Actual rate for direct labor	$12.30 per hr.
Bicycles completed in October	330 bicycles
Standard direct labor per bicycle	2 hrs.
Standard rate for direct labor	$12.50 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	$fill in the blank 1
Direct Labor Time Variance	$fill in the blank 3
Total Direct Labor Cost Variance	$fill in the blank 5

b.How much direct labor should be debited to Work in Process?
$fill in the blank 7

Jun 02, 2022

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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...

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