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You have been given the following information about the production of Angela Co., and are asked to provide the factory manager with information for a
You have been given the following information about the production of Angela Co., and are asked to provide the factory manager with information for a meeting with the vice president of operations. Standard Cost Card Direct materials (6 pounds at $5 per pound) $30.00 Direct labor (0.7 hours at $10) 7.00 Variable overhead (0.7 hours at $3 per hour) 2.10 Fixed overhead (0.7 hours at $8 per hour) 5.60 $44.70 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Quantity Direct materials $408,000 $4,171 F $9,100 U Direct labor 95,200 4,108 U 7,500 U What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) Actual rate paid per direct labor hour +A $ /hr
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