(Answered) Standard labor rate and labor efficiency variance elof s

Accounting

Standard Labor Rate and Labor Efficiency Variance Elof 's direct labor costs for the month of January follow:

Direct labor hourly rate paid	$30.00
Total standard direct labor hours for units produced this period	12,000
Direct labor hours worked	11,000
Direct labor rate variance	$33,000 favorable

Required Compute these:

1. Standard direct labor wage rate per hour in January.

2. Direct labor efficiency variance.

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