Williams Corporation reports the following direct labor information for November: Standard rate 2$ 33.00 per hour 2$ Actual rate paid Standard hours allowed for actual production Labor efficiency variance 33.90 per hour 44,400 hours $211,200 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked hours Labor price variance

Williams Corporation reports the following direct labor information for November: Standard rate 2$ 33.00 per hour 2$ Actual rate paid Standard hours allowed for actual production Labor efficiency variance 33.90 per hour 44,400 hours $211,200 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked hours Labor price variance

Name: Williams Corporation reports the following direct labor information f
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Description: Williams Corporation reports the following direct labor information for November:Standard rate$33.00 per hour$ 33.90 per hourActual rate paidStandard hours allowed for actual productionLabor efficiency variance44,400 hours$211,200 FRequired:Based on

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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