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8 December, 00:23

EA8. LO 8.3Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 12,000 units. The standard cost for labor allowed for the output was $90,000, and there was an unfavorable direct labor time variance of $5,520. What was the standard cost per hour

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  1. 8 December, 02:32
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    Standard cost per hour = $3.75 per hour

    Explanation:

    Giving the following information:

    It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 12,000 units. The standard cost for labor allowed for the output was $90,000.

    We need to determine the standard cost per hour.

    Number of hours = 12,000*24,000

    Standard cost per hour = 90,000/24,000 = $3.75 per hour
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Home » Business » EA8. LO 8.3Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 12,000 units.
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