What was the thorp''s standard direct labor rate per hour, Accounting Basics

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What was the thorp''s standard direct labor rate per hour

For the month of April, Thorp Co.'s records disclosed the following data relating to direct labor:
Actual cost $10,000
Rate variance $ 1,000 favorable
Efficiency variance $ 1,500 unfavorable

For the month of April, actual direct labor hours amounted to 2,000. In April, what was the Thorp's standard direct labor rate per hour ?

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Accounting Basics: What was the thorp''s standard direct labor rate per hour

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Accounting Basics: What was the thorp''s standard direct labor rate per hour

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Accounting Basics: What was the thorp''s standard direct labor rate per hour

Reference No:- TGS070131

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