Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Wright Company has a standard costing system. The following data are available for September: Actual hours of direct labor used 2,000 hours Standard rate

The Wright Company has a standard costing system. The following data are available for September:

Actual hours of direct labor used

2,000 hours

Standard rate of direct labor

$50 per hour

Direct labor rate variance

$16,000, unfavorable

Direct labor efficiency variance

$9,000, favorable

Direct labor spending (total) variance

$7,000, unfavorable

The actual rate per hour of the direct labor in September is:

A.

$49

B.

$51

C.

$40

D.

$58

E.

$42

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Organisational Change Audit

Authors: Ralph Houston

1st Edition

1907766014, 978-1907766015

More Books

Students also viewed these Accounting questions

Question

Distinguish between filtering and interpreting. (Objective 2)

Answered: 1 week ago