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Orion Systems reported the following for July: Actual rate = $8.20 Actual hours = 9,500 Standard hours = 10,500 Direct labor price variance = $4,750 Unfavorable What was the standard rate per hour for July?

Orion Systems reported the following for July: Actual rate = $8.20 Actual hours = 9,500 Standard hours = 10,500 Direct labor price variance = $4,750 Unfavorable What was the standard rate per hour for July?

Principles of Accounting Volume 2
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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Orion Systems reported the following for July: Actual rate = $8.20 Actual hours = 9,500 Standard hours = 10,500 Direct labor price variance = $4,750 Unfavorable What was the standard rate per hour for July?
Transcribed Image Text:Orion Systems reported the following for July: Actual rate = $8.20 Actual hours = 9,500 Standard hours = 10,500 Direct labor price variance = $4,750 Unfavorable What was the standard rate per hour for July?
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