Answer:
Actual Rate= $9.5 per hour
Explanation:
Giving the following information:
Actual number of hours= 6,300
Direct labor price variance= $3,150 unfavorable
Standard rate= $9 per direct labor hour
<u>To calculate the actual rate, we need to use the direct labor rate (price) variance formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
-3,150 = (9 - Actual Rate)*6,300
-3,150 = 56,700 - 6,300Actual Rate
-59,850 = -6,300Actual Rate
-59,850/-6,300 = Actual Rate
$9.5 = Actual Rate
