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Rick & Morty's manufactures a product with the following unit standards related to direct labor: Standard hours 5 labor-hours per unit Standard rate $12 per
Rick & Morty's manufactures a product with the following unit standards related to direct labor:
Standard hours | 5 labor-hours per unit |
Standard rate | $12 per labor-hour |
Partial production data for the most recent month are shown below:
Budget | Actual | |
Production (units) | 850 | 960 |
Direct labor hours | 4,250 | ? |
An analysis of results for the month included the following variances:
Direct labor rate variance | $3,672 Favorable |
Direct labor efficiency variance | $5,760 Favorable |
What was the actual rate paid per labor-hour? (Choose the closest answer.)
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