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Information on Austin Jeans direct labor costs for the month of August is as follows: Actual pay rate = $10.00; Standard hours = 11,000; Actual

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Information on Austin Jeans direct labor costs for the month of August is as follows: Actual pay rate = $10.00; Standard hours = 11,000; Actual hours = 10,000. Austin's direct labor price variance = $5,000 Favorable (Good thing). Compute the standard pay rate O $9.60 O $10.10 O $10.50 O $11.20 O None of the other answers are correct

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