Question
Problem 16-62 (Algo) Solve for Direct Labor-Hours (LO 16-5) Williams Corporation reports the following direct labor information for November: Standard rate $ 31.00 per
Problem 16-62 (Algo) Solve for Direct Labor-Hours (LO 16-5) Williams Corporation reports the following direct labor information for November: Standard rate $ 31.00 per hour Actual rate paid $ 31.80 per hour Standard hours allowed for actual production Labor efficiency variance 44,600 hours $204,600 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked Labor price variance hours
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