The actual cost of direct labour per hour is $13.00. Two standard direct labour hours are allowed per finished good. Du...
The actual cost of direct labour per hour is $13.00. Two standard direct labour hours are allowed per finished good. During the current period, 2,000 finished goods were produced using 3,800 direct labour hours. The direct labour efficiency variance is $1,300, favourable. Which one of the following amounts is the standard direct labour rate per hour for the period?.
A.
$6.50
B.
$10.00
C.
$13.00
D.
$26.00
Homework Answers
Answer : A = $ 6.50
>> Standard Hours = 2 * 2000 = 4000 hours.
>> Labor Efficiency Variance = ( Standard Hours - Actual Hours ) * Standard Price.
>> $ 1300 = ( 4000 - 3800 ) * Standard Price.
>> Standard Price = $ 6.5
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