Question: A company uses a standard costing system. The data below are for February. Actual direct working hours worked........6500 Standard direct labor rate....$8 per hour labor

A company uses a standard costing system. The data below are for February.

Actual direct working hours worked........6500

Standard direct labor rate....$8 per hour

labor rate variance......2600 positive.

What is the actual direct labor rate for February, in steps?

Step by Step Solution

3.34 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Labor rate variance Actual Labour hours ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!