Question
Standard Hours Standard Rate per Hour Standard Cost 24 minutes $5.40 $2.16 During August, 8,460 hours of direct labor time were needed to make 19,400
Standard Hours | Standard Rate per Hour | Standard Cost |
24 minutes | $5.40 | $2.16 |
During August, 8,460 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $43,992 for the month. |
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1. | According to the standards, what direct labor cost should have been incurred to make 19,400 units of the Jogging Mate? By how much does this differ from the cost that was incurred?
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