Please help me solve this problem. I don't just want the answer, I would like to know how to solve the problem. Thanks! "The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow: Labor rate variance: $7,000 F Labor efficiency variance: $12,000 F Variable overhead efficiency variance: $4,000 F Number of units produced: 10,000 Standard labor rate per direct labor hour: $12 Standard variable overhead rate per direct labor hour:$4 Actual labor hours used: 14,000 Actual variable manufacturing overhead costs: $58,290 The actual direct labor rate for May in dollars per hour was: a. $12.50. b. $12.00. c. $11.75. d. $11.50.
Paper#1397 | Written in 18-Jul-2015Price : $25