Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Porter Manufacturing Company uses a standard cost accounting system. In 2011, the company produced 25,000 units. Each unit took several pounds of direct materials and

Porter Manufacturing Company uses a standard cost accounting system. In 2011, the company produced 25,000 units. Each unit took several pounds of direct materials and 2 standard hours of direct labor at a standard hourly rate of $10. Normal capacity was 50,000 direct labor hours. During the year, 50,776 pounds of raw materials were purchased at $1.5 per pound. All materials purchased were used during the year. If the direct labor quantity variance was $4,300 favorable, what were the direct labor hours actually worked?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Auditing And Forensic Accounting

Authors: Tommie W. Singleton, Aaron J. Singleton, G. Jack Bologna, Robert J. Lindquist

3rd Edition

0471785911, 978-0471785910

More Books

Students also viewed these Accounting questions