Gorf Products had the following variances for the year 2015: Direct labor rate variance $9,000...

90.2K

Verified Solution

Question

Accounting

Gorf Products had the following variances for the year 2015: Direct labor rate variance $9,000 U Total direct labor variance $21,000 F These variances were based on a standard of 6,000 total labor hours allowed (to produce 1,000 actual units) and a standard of $20 per hour of labor. What was the actual rate paid this period?

None of these are correct

$22

$18

$21

$20

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students