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Williams Corporation reports the following direct labor information for November: Standard rate $ 34.00 per hour Actual rate paid $ 34.80 per hour Standard hours
Williams Corporation reports the following direct labor information for November:
Standard rate | $ | 34.00 | per hour |
Actual rate paid | $ | 34.80 | per hour |
Standard hours allowed for actual production | 44,000 | hours | |
Labor efficiency variance | $ | 234,600 | F |
Required:
Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Please show if possible how to get each number! Thank you!!
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