Standard Direct Labor Cost The controller at your shoemaking company has determined that under normal conditions, you pay your employees $3.40 per hour, and it will take 2.6 hours of labor per pair of shoes. Given this information, calculate the standard cost of labor per pair of shoes. If required, round the standard labor per pair of shoes to the nearest cent. Manufacturing Costs Standard Price x Standard Hours per Pair 2 Standard Cost per Pair Direct Labor E vi per hour :1 J hours 1;:1 '4' Feedback " Check My Work Actual Direct Lahor Cost During March, your shoe-making company incurred actual direct labor costs of $62,211 for 6,990 hours of direct labor in the production of 2,1?5 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 East I Actual Total Hours = Actual Cost per Hour E :1 5:] Feedback " Check My Work 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, enterthe rates as dollars and cents. If required, use the minus sign to indicate a negative value. Actual Cost Standard Cost Actual Hours x Actual Rate Actual Hours x Standard Rate Standard Hours x Standard Rate :l x $:] :1 x $:] [:1 x $:] $:] $:] $:] 1 1 Direct Labor Rate Variance Direct Labor Time Variance $ $:1 -:] $:] - $:] $ = :1 ' $S ' Total Labor Cost Variance