Question
lkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours were 5 hours per plane. Its
lkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours were 5 hours per plane. Its standard labor hours are 10 hours per plane. The standard labor rate is $8 per hour. At the end of November, Alkyl Fliers found that it had a favorable labor rate variance of $12,000. What was Alkyl Fliers' actual cost per labor hour?
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To find Alkyl Fliers actual cost per labor hour we can use the labor rate variance formula La...
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
