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1. What were the actual direct labor hours worked? _____hours What are the total hours allowed? _____ hours 2. What is the standard hourly rate
1.What were the actual direct labor hours worked?
_____hours
What are the total hours allowed?
_____ hours
2. What is the standard hourly rate for direct labor? $ _____ per hour
What is the actual hourly rate? Round your answer to the nearest cent. $ _____ per hour
3. How many actual units were produced? _____units
Solving for Unknowns Misterio Company uses a standard costing system. During the past quarter, the following variances were computed: Variable overhead efficiency variance Direct labor efficiency variance Direct labor rate variance 77,760 U 155,520 U 18,792 U Misterio applies variable overhead using a standard rate of $4 per direct labor hour allowed. Two direct labor hours are allowed per unit produced (Only one type of product is manufactured.) During the quarter, Misterio used 45 percent more direct labor hours than should have been usedStep by Step Solution
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