The standard direct labour specification for one of HG Ltd's products is 5 hours @ £8 per hour; last month, 6,000 units were produced, giving rise to labourefficiency and rate variances of £16,000F and £14,000A respectively. What was the actual direct labour rate per hour during the month? (To nearest £0.50)OA. £8.50OB. £8.00OC. £7.50OD. £7.00

Answer : Standard labor hour allowed = Standard labor hour allowed per unit * Actual units Standard…

Answered: e of HG Ltd's products is 5 hours @ £8…

e of HG Ltd's products is 5 hours @ £8 per hour; last month, 6,0 £14,000A respectively. What was the actual direct labour rate p

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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