Granite Edge Tools provides the following direct labor data for the month of October: Actual Rate = $9.10 Standard Hours = 10,000 hours • • Actual Hours Worked = 9,400 hours • Direct Labor Price Variance = $1,880 Unfavorable What was the standard rate per hour for October? a) $8.90 b) $9.20 c) $9.00 d) $8.85

Granite Edge Tools provides the following direct labor data for the month of October: Actual Rate = $9.10 Standard Hours = 10,000 hours • • Actual Hours Worked = 9,400 hours • Direct Labor Price Variance = $1,880 Unfavorable What was the standard rate per hour for October? a) $8.90 b) $9.20 c) $9.00 d) $8.85

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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