lkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The...
lkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours were 5 hours per plane. Its standard labor hours are 10 hours per plane. The standard labor rate is $8 per hour. At the end of November, Alkyl Fliers found that it had a favorable labor rate variance of $12,000. What was Alkyl Fliers' actual cost per labor hour? a. $7.60 b. $9.50 c. $12.75 d. $7.20
Homework Answers
Labor rate variance = (SR-AR) * AH
(8 - AR) * (3000*5) = 12000
(8-AR) = 12000/15000 = 0.8
AR = 8 - 0.8 = 7.20
OPTION D IS THE ANSWER
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