How much direct labor should be debited to work in process, Accounting Basics

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How much direct labor should be debited to work in process

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

Quantity of direct Labor used: 650 hrs
Actual rate for direct labor: $14/hr
Bicycles completed in September: 280
Standard direct labor per bicycle: 2.25 hrs
standard rate for direct labor: $14.20/hr

a. Determine the direct labor rate variance and direct labor time variance. Use the minus sign to enter favorable variances as negative numbers.

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

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

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Accounting Basics: How much direct labor should be debited to work in process

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Accounting Basics: How much direct labor should be debited to work in process

Reference No:- TGS0709371

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the bulk modulus of the oil in units of psi

Q : What is the overhead volume variance

Q : Calculate the factory overhead cost for the production

Q : Find the charge on the particle

Q : How much direct labor should be debited to work in process

Q : Identify and describe the underlying problem or conflict

Q : Why the warranty work was performed

Q : Size of the sample

Q : Find height of mercury in other leg which is open to air

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much direct labor should be debited to work in process

Reference No:- TGS0709371

Recent Questions Asked Accounting Basics

Q : What is the bulk modulus of the oil in units of psi

Q : What is the overhead volume variance

Q : Calculate the factory overhead cost for the production

Q : Find the charge on the particle

Q : How much direct labor should be debited to work in process

Q : Identify and describe the underlying problem or conflict

Q : Why the warranty work was performed

Q : Size of the sample

Q : Find height of mercury in other leg which is open to air

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