Williams Corporation reports the following direct labor information for November: Standard rate . . . . .
Question:
Standard rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $31.50 per hour
Actual rate paid . . . . . . . . . . . . . . . . . . . . . . . . . . . $32.40 per hour
Standard hours allowed for actual production . . . . 44,800 hours
Labor efficiency variance . . . . . . . . . . . . . . . . . . . . $201,600 F
Required
Based on these data, what was the number of actual hours worked and what was the labor price variance?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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