FINANCIAL ACCOUNTING
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:

 

Multiple Choice
  •  
    $14.80.
  •  
    $16.00.
  •  
    $18.20.
  •  
    $17.20.
  •  
    $15.00.
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