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Solving for Unknawns Misterio Company uses a standard costing system, During the past quarter, the following variances were computed: Misterio applies variable overhead using a
Solving for Unknawns Misterio Company uses a standard costing system, During the past quarter, the following variances were computed: Misterio applies variable overhead using a standard rate of $2 per direct labor hour allowed. Two direct labor hours are allowed per unit produced. (Only ane type of product is manufactured.) During the quarter, Misterio used 30 percent more direct labor hours than should have been wsed. Required: 1. What were the actual direct labor hours worked? hours What are the total hours allowed? hours 2. What is the standard hourly rate for direct labor? per hour What is the actual hourly rate? Round your answer to the nearest cent. per hour 3. How many actual units were produced? units
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