Question
New Millennium Industries, a manufacturer of sports shoes, uses a standard cost system. When Michelle Nicole, the cost accountant for the company, started to analyze
New Millennium Industries, a manufacturer of sports shoes, uses a standard cost system. When Michelle Nicole, the cost accountant for the company, started to analyze the labor variances for May, she discovered that some of the data had inadvertently been destroyed. From a review of the data available, Michelle learns that the labor time variance for May was $7,272 favorable and that the standard labor rate was $25 per hour. A cost-of-living adjustment in the workers hourly rate caused an unfavorable labor price variance of $0.50 per hour. Total standard labor hours for Mays output of shoes was 12,600 hours. Determine the actual number of labor hours worked in May. (Do not round intermediate calculation. Round your final answer to the nearest whole number.)
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