Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard hours allowed for actual production Labor efficiency variance 24 33.00 per hour $ 33.90 per hour 44,400 hours $211, 200 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked hours Labor price variance

Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard hours allowed for actual production Labor efficiency variance 24 33.00 per hour $ 33.90 per hour 44,400 hours $211, 200 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked hours Labor price variance

Name: Williams Corporation reports the following direct labor information f
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Description: Williams Corporation reports the following direct labor information for November:Standard rateActual rate paidStandard hours allowed for actual productionLabor efficiency variance$33.00 per hour33.90 per hour44,400 hours$211, 200 FRequired:Based on

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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