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You have been given the following information about the production of Waterway Co., and are asked to provide the factory manager with information for a
You have been given the following information about the production of Waterway Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card $18.56 3.52 Direct materials (5.80 kg at $3.20 per kilogram) Direct labour (0.80 hours at $4.40) Variable overhead (0.80 hours at $3.20 per hour) Fixed overhead (0.80 hours at $7.00 per hour) 2.56 5,60 $30.24 The following is a production report for the most recent period of operations: Variances Spending/ Quantity/ Budget Efficiency Total Standard Cost Volume Costs Price/Rate $6,354 F $9.472 U $397.184 3.702 U 6.116 U Direct materials Direct labour Variable overhead 75,328 ? $1,250 F 54.784 480 F $14,000 U 119.840 Fixed overhead What was the actual rate paid per direct labour hour? (Round answer to 2 decimal places, eg, 15.25.) Actual rate $ /hr
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