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 15 minutes. During a recent accounting period, 3,000 completed units were produced, resulting in the following labor variances:
Labor rate variance: \$1,615 favorable
Labor efficiency variance: \$1,500 unfavorable
The standard labor rate is \(\$ 15\) per hour.
Required:
1. Calculate the standard hours allowed for the work performed.
2. Calculate the actual hours worked.
3. Calculate the actual wage rate.
Note: Round your answer to 2 decimal places.
A manufacturing company is expected to complete a

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