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Question - Joe Malay received the following report on the Division's operation for the month of August: Direct labor rate variance = $32,000 unfavorable; Direct labor efficiency variance = $64,000 (?). The standard calls for 2 direct labor hours per unit of output at $20 per labor hour (SP). The standard direct labor hours allowed for the units manufactured (SQ) is 20 percent more than the total direct labor hours worked (AQ) in August.
Required - What was the average direct labor hourly rate (AP) the Division paid in August, to two decimal places?
a. $27.00.
b. $18.00.
c. $22.00.
d. $23.25.
e. $29.00.
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In Chapter, we are going to look at sets of data and explore ways of analyzing that data so that conclusions can be made from that data. Now, it is possible to have a data set that has many as 100 data points or even 1000's of data points.
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