Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4e You have been given the following information about the production of Pharoah Co, and are asked to provide the factory manager with information for
4e
You have been given the following information about the production of Pharoah Co, and are asked to provide the factory manager with information for a meeting with the vice-president of operations Standard Cost Card $17.68 205 Direct materials (5.20 kg at $3.40 per kilogram) Direct labour (0.50 hours at $4.10) Variable overhead (O SO hours at $3.40 per hour) Fived overhead (0.50 hours at $6.00 per hour) 1.70 300 $24.43 The following is a production report for the most recent period of operations Variances Total Standard Cost Spending Budget Price/Rate Quantity/ Efficiency Costs Volume Direct materials $332,384 $5.029 F $9,588 U 38,540 2.6850 5,494 U Direct labour Variable overhead 31.960 $1 300 F 2 Fixed overhead 56:400 400 F $11,820 NERALE What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, c9.15.25) Actual rate $ Uhr Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started