A firm with a standard costing system budgets 4,000 direct labor hours at $20 per hour to make 2,000 units. The firm actually produced 3,000 units using 6,000 direct labor hours at $20 per hour. When labor occurred during the period, what was the total dollar value of the credit to wages payable?

A firm with a standard costing system budgets 4,000 direct labor hours at $20 per hour to make 2,000 units. The firm actually produced 3,000 units using 6,000 direct labor hours at $20 per hour. When labor occurred during the period, what was the total dollar value of the credit to wages payable?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 23Q: If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of...

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A firm a standard co..accounting question

A firm with a standard costing system budgets 4,000 direct
labor hours at $20 per hour to make 2,000 units. The firm
actually produced 3,000 units using 6,000 direct labor hours
at $20 per hour. When labor occurred during the period, what
was the total dollar value of the credit to wages payable?

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