Lab corp. uses a standard cost system. direct labor, Ask an Expert

Accounting

Lab Corp. uses a standard cost system. Direct labor information for Product CER for the month of October follows:

Standard direct labor rate $6.00 per hour
Actual direct labor rate paid $6.10 per hour
Standard hours allowed for actual production 1,500 hours
Labor efficiency variance--unfavorable $600

What are the actual hours worked?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M985961

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