Williams Corporation reports the following direct labor information for November: Standard rate $ 31.00 per hour...

Transcribed Image Text:

Williams Corporation reports the following direct labor information for November: Standard rate $ 31.00 per hour Actual rate paid 31.80 per hour Standard hours allowed for actual production 44,200 hours Labor efficiency variance $195,300 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 Labor price variance hours Williams Corporation reports the following direct labor information for November: Standard rate $ 31.00 per hour Actual rate paid 31.80 per hour Standard hours allowed for actual production 44,200 hours Labor efficiency variance $195,300 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 Labor price variance hours

Answer rating: 100% (QA)

To find the number of actual hours worked we can use the labor efficiency variance formula Labo... View the full answer