Standard direct labor cost: Also referred to as simply standard cost, this is a budgeted amount of labor cost per unit of product. Standard costs are developed for direct materials, direct labor, and overhead. They are used in planning, budgeting, and forecasting. Standard Direct Labor Cost The controller at your shoemaking company has determined that under normal conditions, you pay your employees $8.30 per hour and it will take 2.6 hours of labor per pair of shoes. Given this information, calculate the standard cost of labor per pair of shoes. If required, round the standard labor per pair of shoes to the nearest cent. Manufacturing Costs Direct Labor Feedback Check My Work Use the standard price and standard hours values shown to compute the standard labor cost per pair Feedback Standard Price x Standard Hours per Pair 8.30 per hour ✓ 2.6 hours Actual Direct Labor Cost During May, your shoe-making company incurred actual direct labor costs of $58.872 for 6.690 hours of direct labor in the production of 2.150 pairs of shoes. Given this information, calculate the actual cost of labor per hour. If required, round the actual cost of labor per hour to the nearest cent. Manufacturing Costs Actual Total Cost / Actual Total Hours = Actual Cost per Hour Direct Labor $58,872 v 6,690✔ hours 8.8 ✔ Check My Work Use the actual total cost of labor and actual hours used as shown to compute the actual labor cost per hour. Actual Hours 6,690 ✔ APPLY THE CONCEPTS: Conduct the direct labor cost variance analysis llustrated Example: Calculating Direct Labor Cost Variance Complete the following graphic to compute the direct labor rate variance, the direct labor time variance, and the total direct labor cost variance for your shoe-making business. When required, enter the rates as dollars and cents. If required, use the minus sign to indicate a negative value. Actual Cost Standard Cost Actual Rate 8.8 ✔ 58,872 ✔ ↓ x Direct Labor Rate Variance Standard Cost per Pair 21.58 ✔ Actual Hours 6,690 ✓ x . Standard Rate 8.30 ✔ $ 55,527 ✔ Standard Hours 2.6 X Direct Labor Time Variance x Standard Rate 8.30 ✔

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Chapter1: Financial Statements And Business Decisions
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I'm trying to find the standard hours.  It's not 2.6

Standard direct labor cost: Also referred to as simply standard cost, this is a budgeted amount of labor cost per unit of product. Standard costs are developed for direct materials, direct labor, and overhead. They are used in planning, budgeting, and forecasting.
Standard Direct Labor Cost
The controller at your shoemaking company has determined that under normal conditions, you pay your employees $8.30 per hour, and it will take 2.6 hours of labor per pair of shoes. Given this information, calculate the standard cost of labor per pair of shoes. If required, round the standard labor per pair of shoes to the
nearest cent.
Manufacturing Costs
Direct Labor
Feedback
Check My Work
Use the standard price and standard hours values shown to compute the standard labor cost per pair.
Feedback
Actual Direct Labor Cost
During May, your shoe-making company incurred actual direct labor costs of $58,872 for 6,690 hours of direct labor in the production of 2,150 pairs of shoes. Given this information, calculate the actual cost of labor per hour. If required, round the actual cost of labor per hour to the nearest cent.
Manufacturing Costs Actual Total Cost / Actual Total Hours = Actual Cost per Hour
Direct Labor
58,872 ✔
6,690✔ hours
Actual Hours
Standard Price
8.30 per hour
Check My Work
Use the actual total cost of labor and actual hours used as shown to compute the actual labor cost per hour.
6,690 ✓
APPLY THE CONCEPTS: Conduct the direct labor cost variance analysis
Illustrated Example: Calculating Direct Labor Cost Variance
Complete the following graphic to compute the direct labor rate variance, the direct labor time variance, and the total direct labor cost variance for your shoe-making business. When required, enter the rates as dollars and cents. If required, use the minus sign to indicate a negative value.
Actual Cost
Standard Cost
Actual Rate
8.8 ✔
Check My Work
x
X
x Standard Hours per Pair = Standard Cost per Pair
2.6 ✔ hours
21.58 ✔
58,872
Direct Labor Rate Variance
58,872 ✓
=
Actual Hours
6,690 ✓
55,527 ✔
$
3,345 ✓
UV
8.8
Standard Rate
8.30
55,527
Standard Hours
Direct Labor Time Variance
55,527 ✔
2.6 X
x
UV
Standard Rate
8.30 ✓
Next >
Transcribed Image Text:Standard direct labor cost: Also referred to as simply standard cost, this is a budgeted amount of labor cost per unit of product. Standard costs are developed for direct materials, direct labor, and overhead. They are used in planning, budgeting, and forecasting. Standard Direct Labor Cost The controller at your shoemaking company has determined that under normal conditions, you pay your employees $8.30 per hour, and it will take 2.6 hours of labor per pair of shoes. Given this information, calculate the standard cost of labor per pair of shoes. If required, round the standard labor per pair of shoes to the nearest cent. Manufacturing Costs Direct Labor Feedback Check My Work Use the standard price and standard hours values shown to compute the standard labor cost per pair. Feedback Actual Direct Labor Cost During May, your shoe-making company incurred actual direct labor costs of $58,872 for 6,690 hours of direct labor in the production of 2,150 pairs of shoes. Given this information, calculate the actual cost of labor per hour. If required, round the actual cost of labor per hour to the nearest cent. Manufacturing Costs Actual Total Cost / Actual Total Hours = Actual Cost per Hour Direct Labor 58,872 ✔ 6,690✔ hours Actual Hours Standard Price 8.30 per hour Check My Work Use the actual total cost of labor and actual hours used as shown to compute the actual labor cost per hour. 6,690 ✓ APPLY THE CONCEPTS: Conduct the direct labor cost variance analysis Illustrated Example: Calculating Direct Labor Cost Variance Complete the following graphic to compute the direct labor rate variance, the direct labor time variance, and the total direct labor cost variance for your shoe-making business. When required, enter the rates as dollars and cents. If required, use the minus sign to indicate a negative value. Actual Cost Standard Cost Actual Rate 8.8 ✔ Check My Work x X x Standard Hours per Pair = Standard Cost per Pair 2.6 ✔ hours 21.58 ✔ 58,872 Direct Labor Rate Variance 58,872 ✓ = Actual Hours 6,690 ✓ 55,527 ✔ $ 3,345 ✓ UV 8.8 Standard Rate 8.30 55,527 Standard Hours Direct Labor Time Variance 55,527 ✔ 2.6 X x UV Standard Rate 8.30 ✓ Next >
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