FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Lucky Company's direct labor information for the month of February is as follows:
Actual direct labor hours worked (AQ) | 67,500 | ||
Standard direct labor hours allowed (SQ) | 72,000 | ||
Total payroll for direct labor | $ | 1,080,000 | |
Direct labor efficiency variance | $ | 66,600 | |
The standard direct labor rate per hour (SP) for February (rounded to two decimal places) was:
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