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The Hanson Corporation employs a standard costing system. The following data are available for February: Actual direct labor-hours worked 6,500 hours Standard direct labor rate
The Hanson Corporation employs a standard costing system. The following data are available for February:
Actual direct labor-hours worked | 6,500 | hours |
Standard direct labor rate | $8 | per hour |
Labor rate variance | $2,600 | favorable |
The actual direct labor rate for February is:
a. $7.60 per hour
b. $8.40 per hour
c. $8.00 per hour
d. $2.50 per hour
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