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Claire Company Uses a Standard Costing System -How Many Actual Labour Hours Were Worked During February for to Direct

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Claire Company uses a standard costing system.The following information pertains to direct labour costs for the month of February:  Standard direct labour rate per hour $15.00 Actual direct labour rate per hour $13.50 Labour rate variance $18,000 favourable  Actual output 1,000 units  Standard hours allowed for actual production 10,000 hours \begin{array}{ll}\text { Standard direct labour rate per hour } & \$ 15.00 \\\text { Actual direct labour rate per hour } & \$ 13.50 \\\text { Labour rate variance } & \$ 18,000 \text { favourable } \\\text { Actual output } & 1,000 \text { units } \\\text { Standard hours allowed for actual production } & 10,000 \text { hours }\end{array}
-How many actual labour hours were worked during February for Claire Company?


Definitions:

Continuing Operations

Parts of a business expected to continue for the foreseeable future, excluding any discontinued operations.

Sarbanes-Oxley Act

The Sarbanes-Oxley Act is a U.S. law enacted in 2002 to protect investors from potential fraudulent activities by corporations, improving financial disclosures and preventing accounting fraud.

Auditor's Report

A formal opinion or disclaimer, issued by an independent external auditor as a result of an audit or evaluation of a firm's financial statements.

Financial Statements

Formal records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

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