Question

Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 60,000 Standard direct labor hours allowed (SQ) 64,000 Total payroll for direct labor $ 960,000 Direct labor efficiency variance $ 59,200 The actual direct labor rate per hour (AP) for February, rounded to two decimal places, was:

Answer 1

Answer:

rate = $16

Explanation:

To get the actual rate we wil divide the payroll over the actual hours

$\frac{payroll}{hours} =actual \:rate$

Payroll for direct labor:    960,000

Actual direct labor hous    60,000

960,000/60,00 = 16