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Rick & Morty's manufactures a product with the following unit standards related to direct labor: Standard hours Standard rate 5 labor-hours per unit $12 per
Rick & Morty's manufactures a product with the following unit standards related to direct labor: Standard hours Standard rate 5 labor-hours per unit $12 per labor-hour Partial production data for the most recent month are shown below: Production (units) Direct labor hours Budget 850 4,250 Actual 960 ? An analysis of results for the month included the following variances: Direct labor rate variance Direct labor efficiency variance $4,104 Favorable $5,760 Favorable What was the actual rate paid per labor-hour? (Choose the closest answer.)
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