A manufacturing company is expected to complete a task in 30 minutes. During a recent...
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Accounting
A manufacturing company is expected to complete a task in 30 minutes. During a recent accounting period, 3,900 completed units were produced, resulting in the following labor variances: Labor rate variance: $7,200 favorable Labor efficiency variance: $4,500 unfavorable The standard labor rate is $15 per hour Required 1. Calculate the standard hours allowed for the work performed. 2. Calculate the actual hours worked. 3. Calculate the actual wage rate. (Round your answer to 2 decimal places.) 1. Standard hours allowed 2. Actual hours worked 3 Actual wage rate
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