Question
1. North City Manufacturing Co. uses a standard costing system. You found the following information regarding direct labor for Product A for January. Standard hours
1. North City Manufacturing Co. uses a standard costing system. | |
You found the following information regarding direct labor for Product A for January. | |
Standard hours allowed for actual production | 5,000 |
The actual rate paid per hour | $9.50 |
The standard rate per hour | $9.00 |
Labor efficiency variance, favorable | $450.00 |
Find the actual hours worked |
|
2. Information on South City Co. direct labor costs for the month of January is as follows: | |
Actual direct labor rate | $10.00 |
Standard direct labor hours allowed | 10,000 |
Actual direct labor hours | 9,000 |
Direct labor rate variance, unfavorable | $500.00 |
Find the standard direct labor rate in January |
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