For the month of april actual direct labor hours amounted, Ask an Expert

Accounting

For the month of April, Thorp Co.'s records disclosed the following data relating to direct labor:

Actual cost $10,000
Rate variance $ 1,000 favorable
Efficiency variance $ 1,500 unfavorable

For the month of April, actual direct labor hours amounted to 2,000. In April, what was Thorp's standard direct labor rate per hour ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971354

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