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The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:

Labor rate variance: $ 7,000 F
Labor efficiency variance: $12,000 F
Variable overhead efficiency variance: $ 4,000 F
Number of units produced: 10,000
Standard labor rate per direct labor hour: $ 12
Standard variable overhead rate per direct labor hour: $ 4
Actual labor hours used: 14,000
Actual variable manufacturing overhead costs: $58,290

what are the standard hours allowed to make one unit of finished product ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M986036

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