Prince Incorporated has the following information: Total payroll Standard direct labor hours Labor rate variance Labor mix variance Labor yield variance What was the standard direct labor rate? $ 185,900 45,800 $ 33,100 F $ 6,000F $ 4,000 F

Prince Incorporated has the following information: Total payroll Standard direct labor hours Labor rate variance Labor mix variance Labor yield variance What was the standard direct labor rate? $ 185,900 45,800 $ 33,100 F $ 6,000F $ 4,000 F

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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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

Prince Incorporated has the following information:
Total payroll
Standard direct labor hours
Labor rate variance.
Labor mix variance
Labor yield variance
What was the standard direct labor rate?
$ 185,900
45,800
$ 33,100 F
$6,000F
$ 4,000 F

Multiple Choice
O
$5.00
$7.25
$4.38
$4.75
Đ

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