Question
Information on Engstom's direct labor costs for the month of August is as follows: Actual rate$7.50 Standard hours11,000 Actual hours10,000 Direct labor price variance$5,000 Unfavorable
Information on Engstom's direct labor costs for the month of August is as follows:
Actual rate$7.50
Standard hours11,000
Actual hours10,000
Direct labor price variance$5,000 Unfavorable
What was the standard rate for August?
A. $6.95
B. $7.00
C. $8.00
D. $8.05
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Business Intelligence A Managerial Perspective on Analytics
Authors: Ramesh Sharda, Dursun Delen, Efraim Turban
3rd edition
133051056, 978-0133051056
