What was the standard rate for September on these general accounting question? Information on Foster Corporation's direct labor costs for themonth of September is as follows:Actual rate: $8.00Standard hours: 12,000Actual hours: 11,000Direct labor price variance: $6,000 UnfavorableWhat was the standard rate for September?A. $7.45B. $7.00C. $8.20D. $8.50

Step 1: Definition of Standard RateStandard Rate refers to the predetermined cost per labor hour…

Answered: Information on Foster Corporation's…

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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Information on Foster Corporation's direct labor costs for the month of September is as follows: Actual rate: $8.00 Standard hours: 12,000 Actual hours: 11,000 Direct labor price variance: $6,000 Unfavorable What was the standard rate for September? A. $7.45 B. $7.00 C. $8.20 D. $8.50