Question: A manufacturing company is expected to complete a task in 30 minutes. During a recent accounting period, 3,900 completed units were produced, resulting in the

A manufacturing company is expected to complete a task in 30 minutes. During a recent accounting period, 3,900 completed units were produced, resulting in the following labor variances:

Labor rate variance: $2,050 favorable

Labor efficiency variance: $1,400 unfavorable

The standard labor rate is $14 per hour.

Calculate the standard hours allowed for the work performed. Calculate the actual hours worked. Calculate the actual wage rate. (Round your answer to 2 decimal places.) Please show all work.

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