The controller at your shoemaking company has determined that under normal conditions, you will pay your employees
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Question:
The controller at your shoemaking company has determined that under normal conditions, you will pay your employees $8.40 per hour, and it will take 2.6 hours of labor per pair of shoes. Given this information, calculate the standard cost of labor per pair of shoes. If required, round the standard labor per pair of shoes to the nearest cent.
Manufacturing Costs | Standard Price | x | Standard Hours per Pair | = | Standard Cost per Pair |
Direct Labor | $____ per hour | ____ hours | $____ |
Actual Direct Labor Cost
During January, your shoe-making company incurred actual direct labor costs of $62,211 for 6,990 hours of direct labor in the production of 2,175 pairs of shoes. Given this information, calculate the actual cost of labor per hour. If required, round the actual cost of labor per hour to the nearest cent.
Manufacturing Costs | Actual Total Cost | / | Actual Total Hours | = | Actual Cost per Hour |
Direct Labor | $____ | ____hours | $____ |
Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
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