Actual direct labor cost (6,250 hours @ $13.10 per hour)... $81,875 Actual production (units) 2,500 units ...... Standard direct labor hours per unit. 2.0 hours Budgeted production (units) ... 3,000 units Standard direct labor rate per hour. $13.00

Actual direct labor cost (6,250 hours @ $13.10 per hour)... $81,875 Actual production (units) 2,500 units ...... Standard direct labor hours per unit. 2.0 hours Budgeted production (units) ... 3,000 units Standard direct labor rate per hour. $13.00

Name: The following information is available for a manufacturer. Compute the
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Description: The following information is available for a manufacturer. Compute the direct labor rate and efficiency variances and label them as favorable (F) or unfavorable (U). Actual direct labor cost (6,250 hours @ $13.10 per hour)... $81,875Actual production

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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