uses standard costs to te cost and ation to umber of rs worked judge performance. Recently, a clerk mistakenly threw awa records, and Petra has only partial data for October. Shthe direct labor flexible budget variance for the month w that the standard labor rate was $10 per hour. The actual s9.50 per hour. The standard direct labor hours for actual October ou- put were 6,000. P23-32B Petra's Music manufactures harmonicas. Petra u rew some of knows that the Requirements 1. Find the actual number of direct labor hours worked during October. First, calculate the standard labor cost. Next, calculate the actual labor cost by subtracting the favorable flexible budget variance o $2,050 from the standard labor cost. Finally, divide the actual la cost by the actual labor rate per hour. (p. 1172) 2. Compute the direct labor price and efficiency va variances. Do these (pp. 1171-1172) ave made a trade-off? Explain. r 23