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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 14,000 units. The standard cost for labor allowed for the output was $105,000, and there was an unfavorable direct labor time variance of $5,550. A. What was the standard cost per hour? Round your answer to two decimal places. Standard cost $ 3.75 per hour B. How many actual hours were worked? Actual hours C. If the workers were paid $3.85 per hour, what was the direct labor rate variance? Round your answer to two decimal places. Enter the amount as positive number. Direct labor rate variances Unfavorable
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