The Fischer Company uses a standard costing system. For the month of December, the following...

80.2K

Verified Solution

Question

Accounting

The Fischer Company uses a standard costing system. For the month of December, the following data have been assembled: Actual direct labor hours worked = 5,000 hours Standard direct labor rate = $10 per hour Labor efficiency variance = $2,000 unfavorable The standard hours allowed for December production is: 1) 5,200 hours. 2) 4,600 hours. 3) 4,800 hours. 4) 5,000 hours.

I calculated 5,200 but was wrong. I was trying to see how to get the right answer?

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