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Inessa05 [86]
3 years ago
11

The standard number of hours that should have been worked for the output attained is 8000 direct labor hours and the actual numb

er of direct labor hours worked was 8300. If the direct labor price variance was $4150 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor?
A. $9.00 per direct labor hourB. $9.50 per direct labor hourC. $8.50 per direct labor hourD. $7.50 per direct labor hour
Business
1 answer:
nevsk [136]3 years ago
6 0

Answer:

B. $9.50 per direct labor hour

Explanation:

Expected labor hours (EL) = 8000  

Actual labor hours (AL) = 8300

Labor price variance (LV) = $4150 unfavorable

Standard rate (r) = $9 per hour

The expected labor price (LP) is given by

ELP = AL*r = 8300*9\\ELP = \$74700

Since thre is an unfavorable labor price variance, the actual labor price (ALP) is:

ALP = ELP + LV\\ALP = 74700+4150\\ALP=78850

The actual rate of pay is:

AR = \frac{ALP}{AL} =\frac{78,850}{8300}\\AR=\$9.50

The actual rate of pay for direct labor is $9.50 per direct labor hour.

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Answer: $3,580.30 (converted to 2decimal places).

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3 0
3 years ago
An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. this predicti
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The normal goods or services being sold in the market of an economy can be referred to or considered as goods that have a direct relation with the demand for such goods, which are affected by consumer income.

As per the behavior of normal goods, it can be inferred that their demands increases with a given increase in the disposable income of the consumer, such as the one in the condition given above.

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The contract is therefore voidable because the Brad committed fraud by lying and obtaining the diamond at $50 under false pretenses. Andrew should therefore drag him to the Courts of law to face justice.

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When dave, a restaurant owner, had his seafood business destroyed by hurricane katrina, he believed that he was in control of hi
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