Question: A manufacturing company is expected to complete a task in 1 5 minutes. During a recent accounting period, 3 , 0 0 0 completed units
A manufacturing company is expected to complete a task in minutes. During a recent accounting period, completed units were produced, resulting in the following labor variances:
Labor rate variance: $ favorable
Labor efficiency variance: $ unfavorable
The standard labor rate is $ per hour.
Required:
Calculate the standard hours allowed for the work performed.
Calculate the actual hours worked.
Calculate the actual wage rate.
Note: Round your answer to decimal places.
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