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Chapter 16 question 7 Problem 16-65 (Algo) Solve for Direct Labor-Hours (LO 16-5) Parkdale Courier Service employs several delivery specialists. The following reports the information
Chapter 16 question 7
Problem 16-65 (Algo) Solve for Direct Labor-Hours (LO 16-5)
Parkdale Courier Service employs several delivery specialists. The following reports the information for these specialists for April:
Standard rate | $ 21.80 | per hour |
---|---|---|
Actual rate paid | $ 22.90 | per hour |
Standard hours allowed for actual deliveries | 16,580 | hours |
Labor efficiency variance | $ 14,170 | U |
Required:
Based on these data, what was the number of actual hours worked and what was the labor price variance?
Note: Round your answers to the nearest whole number. Indicate the effect of the variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.
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