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Thomas Company reports the following direct labor information for one of its products for April: Standard rate. . . .

Question:

Thomas Company reports the following direct labor information for one of its products for April:

Standard rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21.00 per hour

Actual rate paid . . . . . . . . . . . . . . . . . . . . . . . . . . . $21.60 per hour

Standard hours allowed for actual production . . . . 5,600 hours

Labor efficiency variance. . . . . . . . . . . . . . . . . . .$16,800 F

Required

Based on these data, what was the number of actual hours worked and what was the labor price variance?


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Fundamentals of Cost Accounting

Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Details
Chapter # 16
Section: Review Questions
Problem: 50
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Question Posted: April 26, 2012 04:36:00
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