Question
A manufacturing company is expected to complete a task in 30 minutes. During a recent accounting period, 3,600 completed units were produced, resulting in the
A manufacturing company is expected to complete a task in 30 minutes. During a recent accounting period, 3,600 completed units were produced, resulting in the following labor variances: Labor rate variance: $8,400 favorable Labor efficiency variance: $4,800 unfavorable The standard labor rate is $16 per hour. Required: 1. Calculate the standard hours allowed for the work performed. 2. Calculate the actual hours worked. 3. Calculate the actual wage rate. (Round your answer to 2 decimal places.)
Standard hours allowed = ?
Actual hours worked = ?
Actual wage rate = ?
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