A manufacturing company uses a standard costing system for its product. The company uses a standard of 5 Direct Labor Hours per unit. Selected results for the most recent period are provided below. Budgeted Production Actual Production Actual Direct Labor Cost Labor Rate Variance Labor Spending Variance 3,100 units 2,300 units $128,000 $21,760 Favorable $4,480 Favorable Q Based on this information, actual Direct Labor Hours were: ANS. hours
A manufacturing company uses a standard costing system for its product. The company uses a standard of 5 Direct Labor Hours per unit. Selected results for the most recent period are provided below. Budgeted Production Actual Production Actual Direct Labor Cost Labor Rate Variance Labor Spending Variance 3,100 units 2,300 units $128,000 $21,760 Favorable $4,480 Favorable Q Based on this information, actual Direct Labor Hours were: ANS. hours
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:A manufacturing company uses a standard costing system for its product. The company uses a standard of 5 Direct Labor Hours per
unit. Selected results for the most recent perlod are provided below.
Budgeted Production
Actual Production
Actual Direct Labor Cost
Labor Rate Variance
Labor Spending Variance
3,100 units
2,300 units
$128,000
$21.760 Favorable
$4.480 Favorable
Q. Based on this information, actual Direct Labor Hours were:
ANS.
hours
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