5800198Grant Industries makes light construction equipment. The standard for a particular device calls for 24 direct laborhours. During a recent period 850 devices were made. The standard wage rate is $17.00 per hour. The labor ratevariance was $4,114 favorable and the labor efficiency variance was $2,890 unfavorable.9 What is Grant's actual direct labor wage rate (select the closest number)?#SPA15.85SP16.8816.8017.0024*17- 408ENone of the aboveFilmore Toy Company makes wooden Toys. The following materials standards have been established for their mospopular train set:Standard quantity per unit of output1.7 board feetStandard Price of Material$19.80 board footThe following data pertain to operations concerning the product for the last month:Actual materials purchasedActual cost of materials purchasedActual materials used in productionActual output5,800 board feet$ 113,6805,100 board feet3,200 units10 What was the purchase price variance for the month?А.6,732 UnfavorableVニ(AQ*AP)- (AQ a SPВ.$6,732 FavorableC.$1,160 UnfavorableD.$1,160 FavorableE. None of the above580019.6|14,84

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Description: 5800198Grant Industries makes light construction equipment. The standard for a particular device calls for 24 direct laborhours. During a recent period 850 devices were made. The standard wage rate is $17.00 per hour. The labor ratevariance was $4,1

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Grant Industries makes light construction equipment. The standard for a particular device calls for 24 direct labor hours. During a recent period 850 devices were made, The standard wage rate is $17.00 per hour. The labor rate variance was $4,114 favorable and the labor efficiency variance was $2,890 unfavorable. 9 What is Grant's actual direct labor wage rate (select the closest number)? A 15.85 B 16.88 16.80 17.00 24*17- 408 None of the above

Grant Industries makes light construction equipment. The standard for a particular device calls for 24 direct labor hours. During a recent period 850 devices were made, The standard wage rate is $17.00 per hour. The labor rate variance was $4,114 favorable and the labor efficiency variance was $2,890 unfavorable. 9 What is Grant's actual direct labor wage rate (select the closest number)? A 15.85 B 16.88 16.80 17.00 24*17- 408 None of the above

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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Hh1.