Question: How to answer this question. Other sources on Chegg seem to be wrong, please help me understand it with accuracy! The following information relates to
How to answer this question. Other sources on Chegg seem to be wrong, please help me understand it with accuracy!
The following information relates to Questions 1 to 2. A manufacturing company has set the following standards for the production of one unit of product. However, some information was accidentally deleted by a new accounts clerk. The budgeted number of units to be produced for the month of June is 500. Direct labour rate ($ per hr): 6.7 Direct labour hours per unit of product (hr): ? The actual production for the month of June amounted to 540 units, and the actual data recorded for the month are as follows: Direct labour rate ($ per hr): ? Direct labour hours per unit of product (hr): 4.0 The following variances have been reported for the month of June: Direct labour rate variance ($): 1,500 U Direct labour efficiency variance ($): -1,470 F Question 1 What is the actual labour rate per hour? Round to 2 dec places if required. $lo per kg Question 2 What is the standard direct labour hour per unit of product? Round to 2 dec places if required. 0 hrs per unit of product
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