Compute the standard direct labor wage rate per hour

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Question - Information regarding Maxwell's direct labor cost for the month of January follows:

Direct labor hourly rate paid

$29.20

Total standard direct labor hours for units produced this period

11,700

Direct labor hours actually worked

11,500

Direct labor rate variance

$16,700 favorable

Required -

1. Compute the standard direct labor wage rate per hour in January.

2. Compute the direct labor efficiency variance for January. Was this variance favorable or unfavorable?

Reference no: EM133070817

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