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The following information relates to Questions 1 to 2. A manufacturing company has set the following standards for the production of one unit of product.
The following information relates to Questions 1 to 2. A manufacturing company has set the following standards for the production of one unit of product. However, some information was accidentally deleted by a new accounts clerk. The budgeted number of units to be produced for the month of June is 500. Direct labour rate ($ per hr): 6.5 Direct labour hours per unit of product (hr): ? The actual production for the month of June amounted to 510 units, and the actual data recorded for the month are as follows: Direct labour rate ($ per hr): ? Direct labour hours per unit of product (hr): 3.3 The following variances have been reported for the month of June: Direct labour rate variance ($): 2, 100 U Direct labour efficiency variance ($): -1, 470 F Question 1 What is the actual labour rate per hour? Round to 2 dec places if required. $ per kg Question 2 What is the standard direct labour hour per unit of product? Round to 2 dec places if required. 0 hrs per unit of product
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