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Data on Goodman Companys direct labor costs is given below: Standard hours allowed 30,000 Actual direct labor hours 29,000 Labor usage variance, favorable $4,000 Labor
Data on Goodman Companys direct labor costs is given below:
Standard hours allowed | 30,000 |
Actual direct labor hours | 29,000 |
Labor usage variance, favorable | $4,000 |
Labor rate variance, favorable | $5,800 |
Total payroll | $110,200 |
Calculate the:
A) Standard direct labor rate.
B) Actual direct labor rate.
NoNote: please provide detailed works towards the solutions
d
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