The Reedy Company Uses a Standard Costing System What Was the Actual Direct Labour Rate for November?
A)

question 78

Multiple Choice

The Reedy Company uses a standard costing system.The following data are available for November:
$\begin{array}{|l|r|}\hline \text { Actual direct labour hours worked } & 5,800 \\\hline \text { Standard direct labour rate } & \$ 9 \text { per hour } \\\hline \text { Labour rate variance } & \$ 1,160 \text { favourable } \\\hline\end{array}$
What was the actual direct labour rate for November?

• A) $8.80.
• B) $8.90.
• C) $9.00
• D) $9.20.

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Definitions:

Financial Reporting

The method of generating reports that reveal a company's financial condition to its management, investors, and governmental bodies.

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A legal system based on written codes and statutes, in contrast to common law, which is based on judicial decisions.

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A United States federal law that exempts insurance businesses from most federal regulation, allowing states to regulate the insurance industry.

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