The Standard Cost of Direct Labor Per Hour Is $10

question 42

Multiple Choice

The standard cost of direct labor per hour is $10.00.Two standard direct labor hours are allowed per finished good.During the current period,512 finished goods were produced using 1,000 direct labor hours.The direct labor price variance is $100,unfavorable.Calculate the actual cost of direct labor per hour.

• A)$2.40
• B)$10.00
• C)$10.10
• D)$20.00

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Definitions:

Premium Price

The higher price charged for a product or service that is perceived to have a greater value compared to its alternatives.

Bond Quoted

The price or rate at which a bond is currently trading in the market.

Purchase Cost

The total expenditure incurred to acquire a good or service, including the purchase price and additional expenses.

Accrued Interest

Interest that has been earned but not yet received or paid out, commonly associated with bonds and loans.