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  3. Study Set
    Management Accounting for Business
  4. Exam
    Exam 11: Standard Costing and Variance Analysis
  5. Question
    During October, 14,000 Direct Labour Hours Were Worked at a Standard
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During October, 14,000 Direct Labour Hours Were Worked at a Standard

Question 40

Question 40

Multiple Choice

During October, 14,000 direct labour hours were worked at a standard cost of £40 per hour. If the labour rate variance for October was £70,000 favorable, the actual cost per labour hour must be


A) £35
B) £40
C) £45
D) none of the above

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