Standard Direct Labor Cost The controller at your shoemaking company has determined that under normal conditions, you pay your employees $8.50 per hour, and it will take 2.8 hours labor per pair of shoes. Given this shoes to the nearest cent. information, calculate the standard cost of labor per pair of shoes. If required, round the standard labor per pair x Standard Hours per Pair = Standard Cost per Pair Manufacturing Costs Standard Price 2.8 hours 23.8 8.50 per hour Direct Labor Feedback Check My Work Use the standard price and standard hours values shown to compute the standard labor cost per pair Actual Direct Labor Cost During August, your shoe-making company incurred actual direct labor costs of $65,610 for 7,290 hours of direct labor in the production of 2,200 pairs of shoes. Given this information, calculate the actual cost of labor per hour. If required, round the actual cost of labor per hour to the nearest cent. Manufacturing Costs Actual Total Cost Actual Total Hours Actual Cost per Hour s65,610 v 7,290 hours Direct Labor Foodback APPLY THE CONCEPTS: Conduct the direct labor cost variance analysis Illustrated Example: Calculating Direct Labor Cost Variance Complete the following graphic to compute the direct labor rate variance, the direct labor time variance, and the total direct labor cost variance for your shoe-making business. When required, enter the rates dollars and cents. f required, use the minus sign to indicate a negative value. Actual Cost Standard Cost Standard Hours Standard Rate Actual Hours Actual Rate Actual Hours Standard Rate 9 V 7.290 V 65,610 Direct Labor Rate Variance Direct Labor Time Variance UV UV Total Labor Cost Variance