Mandy Company Has the Following Information from Last Month What Was Mandy's Standard Direct Labor Rate Per Hour (SP)

question 167

Multiple Choice

Mandy Company has the following information from last month: $\begin{array}{lr}\text { Standard direct labor hours allowed for units produced (SQ) } & 3,600 \\\text { Actual direct labor hours worked (AQ) } & 3,480 \\\text { Direct labor efficiency variance, favorable (F) } & \$ 5,760 \\\text { Total payroll } & \$ 187,920\end{array}$ What was Mandy's standard direct labor rate per hour (SP) , rounded to two decimal places?

• A) $43.20.
• B) $45.60.
• C) $48.00.
• D) $52.20.

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Definitions:

Perfectly Inelastic

A market situation where the quantity demanded or supplied is completely unresponsive to changes in price.

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The maximum number of spectators that a stadium can accommodate.

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Sold Out

A situation where all available units of a product or tickets for an event have been purchased, and none are available for sale.