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Determine the direct labor rate and time variances and how

Hoschild Bicycle Company manufacturers bicycles. The following data for September of the current year are available:

Quantity of direct labor used 850 hrs

Actual rate for direct labor $15.60 per hr

Bicycles completed in Sept 400

Standard direct labor per bicycle 2 hrs

Standard rate for direct labor $16.00 per hr

a. Determine the direct labor rate and time variances.

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

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Cost Accounting: Determine the direct labor rate and time variances and how

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Cost Accounting: Determine the direct labor rate and time variances and how

Reference No:- TGS02708323

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