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Data on Gantry Company's direct labor costs are given below: Standard direct-labor hours 50,000 Actual direct-labor hours 49,000 Direct-labor efficiency variance-favorable $ 5,200 Direct-labor rate
Data on Gantry Company's direct labor costs are given below:
| Standard direct-labor hours | 50,000 | ||
| Actual direct-labor hours | 49,000 | ||
| Direct-labor efficiency variance-favorable | $ | 5,200 | |
| Direct-labor rate variance-favorable | $ | 9,800 | |
| Total direct labor payroll | $ | 245,000 | |
What was Gantry's actual direct labor rate?
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Financial Accounting
Authors: Robert Libby
1st Canadian Edition
0070891737, 978-0070891739
