Use the information below on Direct Labor costs to answer question#33. GIVEN: Management at the Best Ceramic Vase Company wishes to analyze its Direct Labor costs. During September, company management noted that it used 3,400 hours of Direct Labor at a cost of $76,500 to produce 2,300 vases. The company set the following Direct Labor standard. 1.5 hours of Direct Labor per unit at an hourly wage rate of $22.00 33) Determine the actual wage rate (using the Given information above). A) $15.00 B) $22.00 C) $22.18 D) $22.50

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Use the information below on Direct Labor costs to answer question#33.
GIVEN: Management at the Best Ceramic Vase Company wishes to analyze its Direct Labor costs.
During September, company management noted that it used 3,400 hours of Direct Labor at a cost
of $76,500 to produce 2,300 vases.
The company set the following Direct Labor standard.
1.5 hours of Direct Labor per unit at an hourly wage rate of $22.00
33) Determine the actual wage rate (using the Given information above).
A) $15.00
B) $22.00
C) $22.18
D) $22.50
Transcribed Image Text:Use the information below on Direct Labor costs to answer question#33. GIVEN: Management at the Best Ceramic Vase Company wishes to analyze its Direct Labor costs. During September, company management noted that it used 3,400 hours of Direct Labor at a cost of $76,500 to produce 2,300 vases. The company set the following Direct Labor standard. 1.5 hours of Direct Labor per unit at an hourly wage rate of $22.00 33) Determine the actual wage rate (using the Given information above). A) $15.00 B) $22.00 C) $22.18 D) $22.50
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