Question
The actual cost of direct labor per hour is $12.50. Three standard direct labor hours are allowed per finished good. During the current period, 800
The actual cost of direct labor per hour is $12.50. Three standard direct labor hours are allowed per finished good. During the current period, 800 finished goods were produced using 2,500 direct labor hours. The direct labor efficiency variance is $1,300, unfavorable. What is the standard labor rate per hour?
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
