The following data are available for February: Actual direct labor-hours worked ... 6500 hours Standard direct labor rate ...... $8 per hour Labor rate variance .. $2600 favorable The actual direct labor rate for February is:

The following data are available for February: Actual direct labor-hours worked ... 6500 hours Standard direct labor rate ...... $8 per hour Labor rate variance .. $2600 favorable The actual direct labor rate for February is:

Name: The following data are available for February:Actual direct labor-hour
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Description: The following data are available for February:Actual direct labor-hours worked ... 6500 hoursStandard direct labor rate ...... $8 per hourLabor rate variance .. $2600 favorableThe actual direct labor rate for February is:

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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99. During January, 7,000 direct labor hours were worked at a standard cost of P20 per hour. If the direct labor rate variance for January was P17,500 favorable, the actual cost per direct labor hour must be A. P17.50 B. P20.00 C. P22.50 D. P25.00
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The following information pertains to Ft. Collins Company's direct labor for March 2019: Standard direct labor hours 42,000 Actual direct labor hours 40,000 Favorable direct labor rate variance $16,800 Standard direct labor rate per hour $6.30 What was Ft. Collins' total actual direct labor cost for March 2019? $235,200 $268,000 $268,800
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The following information pertains to Shalom Company's direct labor at the end of the month: Standard direct labor rate per hour 6.30 Favorable direct labor rate variance Actual direct labor-hours Standard direct labor-hours Determine the variances based on the information above. Indicate as favorable or unfavorable. Format should be: 8,000 F or 8,000 UF No need to indicate if the amount is positive or negative. Amounts must be in whole numbers. Example: 88,000 or (88,000) Unit costs be in whole numbers. Example: 88 P8,400 20,000 21,000 Format of percentages: 88% Words must be in capital letters. What is the actual labor cost?
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Williams Corporation reports the following direct labor information for November: Standard rate $ 34.00 per hour Actual rate paid $ 34.80 per hour Standard hours allowed for actual production 44,700 hours Labor efficiency variance $ 221,000 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? Acutal Hours Worked Hours Labor Price Variance F or U
The Fellowes Company has developed standards for direct labor. During June, 75 units were scheduled and 100 were produced. Data related to direct labor are: Standard hours allowed 4 hours per unit Standard wages allowed $ 5.00 per hour Actual direct labor 410 hours (total cost $2,009) What is the direct labor rate variance for June?
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