Question
Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of
Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 15,000 units. The standard cost for labor allowed for the output was $97,500, and there was an unfavorable direct labor time variance of $4,600.
How many actual hours were worked ? [Hint: Round your answer in 2 decimal places]
Your Answer:
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A Guide To Effective Internal Management System Audits Implementing Internal Audits As A Risk Management Tool
Authors: IT Governance Publishing
1st Edition
1849285594, 978-1849285599
