Hunter Company Produces Personalized Towel Wraps

question 189

Short Answer

Hunter Company produces personalized towel wraps.During May,the company's actual wage rate was $8.50.The standard wage rate is $8 per hour,and the standard hours allowed for actual production was 9,000.The favorable direct labor efficiency variance for May was $1,200.
Required:

How many hours were actually worked during May?

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Definitions:

Phantom Tickets

Non-existent tickets for events, often sold fraudulently, that do not grant entry to the purported event.

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they attribute to it.

Basketball Sneakers

Footwear specifically designed to provide support, grip, and comfort for basketball players, often characterized by high-tops that provide ankle stability.

Consumer Surplus

The divergence between what consumers are willing and have the financial capability to pay for a good or service, and what they really pay.