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Accounting The following information has been provided by a company: Number of units produced and sold 6,000 Standard labour rate per hour 8 Standard hours

Accounting

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The following information has been provided by a company: Number of units produced and sold 6,000 Standard labour rate per hour 8 Standard hours required for 6,000 units - Actual hours required 17,094 hours Labour efficiency 105.3% Labour rate variance * 68,376 (A) You are required to calculate: (i) Actual labour rate per hour (ii) Standard hours required for 6,000 units (iii) Labour Efficiency variance (iv) Standard labour cost per unit (V) Actual labour cost per unit

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