Homework Answers
Answer = $9.60
Explanation -
We can get the standard rate by using the formula of price variance below.
Direct labor price variance = (Standard Rate – Actual Rate) x Actual Hour
- $4000 = ( SR - $10) *10000
- $4000 = 10000SR - $100,000
Standard rate = $96,000 / $10000
Standard rate = $9.60
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