Lucky Company's direct labor information for the month of February is as follows:Actual direct labor hours worked (AQ)Standard direct labor hours allowed (SQ)60,000Total payroli for direct laborDirect labor efficiency variance64,000$ 960,000$ 58,800The actual direct labor rate per hour (AP) for February was:Multiple ChoiceO $14.70.$15.00.$16.00.O $17.30.$17.60.

Lets understand the basics. For calculating actual direct labor rate per hour, we need to use below…

Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) Standard direct labor hours allowed (SQ) Total payroll for direct labor Direct labor efficiency variance 60,000 64,000 $ 960,000 $ 58,800 The actual direct labor rate per hour (AP) for February was: Multiple Choice O $14.70. O $15.00. O $16.00. O $17.30. O $17.60.

Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) Standard direct labor hours allowed (SQ) Total payroll for direct labor Direct labor efficiency variance 60,000 64,000 $ 960,000 $ 58,800 The actual direct labor rate per hour (AP) for February was: Multiple Choice O $14.70. O $15.00. O $16.00. O $17.30. O $17.60.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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