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The Fischer Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,700 hours Standard direct labor
The Fischer Corporation uses a standard costing system. The following data have been assembled for December: |
Actual direct labor-hours worked | 6,700 | hours |
Standard direct labor rate | $10 | per hour |
Labor efficiency variance | $1,500 | unfavorable |
The standard hours allowed for December's production is: |
6,850 hours
6,400 hours
6,550 hours
6,700 hours
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