Camden Company reported a favorable direct labor rate variance of $1,443 and an unfavorable direct labor efficiency variance of $968 in July. During the same month, the company worked 4,810 direct labor hours. However, 4,730 hours should have been worked given the actual production in July based on standards set by management. What was the actual rate paid per direct labor hour in July? Round your 18. answer to the nearest penny.

Camden Company reported a favorable direct labor rate variance of $1,443 and an unfavorable direct labor efficiency variance of $968 in July. During the same month, the company worked 4,810 direct labor hours. However, 4,730 hours should have been worked given the actual production in July based on standards set by management. What was the actual rate paid per direct labor hour in July? Round your 18. answer to the nearest penny.

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Description: 18.Camden Company reported a favorable direct labor rate variance of $1,443and an unfavorable direct labor efficiency variance of $968 in July. During the samemonth, the company worked 4,810 direct labor hours. However, 4,730 hours shouldhave been w

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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