Please answer in text form without image Direct Labor VariancesLa Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available:Quantity of direct labor usedActual rate for direct labor510 hrs.$13.70 per hr.240 bicycles2 hrs.$14.00 per hr.a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and ian unfavorable variance as a positive number.Bicycles completed in JulyStandard direct labor per bicycleStandard rate for direct laborDirect labor rate varianceDirect labor time varianceTotal direct labor costvarianceb. How much direct labor should be debited to Work in Process?FeedbackCheck My WorkFavorable-153 ✔UnfavorableUnfavorableUnfavorable variances can be thought of as increasing costs (a debit), Favorable variances can be thought of as decreasing costs (a credit).

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Description: Please answer in text form without image Direct Labor VariancesLa Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available:Quantity of direct labor usedActual rate for direct

Direct labor rate variance = (AR - SR) *AHDirect labor time variane = (AH - SH)*SRTotal direct labor…

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La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 510 hrs. Actual rate for direct labor $13.70 per hr. Bicycles completed in July 240 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $14.00 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign an an unfavorable variance as a positive number. Direct labor rate variance Direct labor time variance S -153 ✓ Favorable Unfavorable

La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 510 hrs. Actual rate for direct labor $13.70 per hr. Bicycles completed in July 240 bicycles Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $14.00 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign an an unfavorable variance as a positive number. Direct labor rate variance Direct labor time variance S -153 ✓ Favorable Unfavorable

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...

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