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Elliott Corporation makes and sells a single product. Last period the company's labor rate variance was $14,400 U. During the period, the company worked 36,000 actual direct labor-hours at an actual cost of $338,400. The standard labor rate for the product in dollars per hour is:

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sandlee09

Answer:

B. $9

Explanation:

Based on the scenario being described within the question it can be said that the  standard labor rate for the product in dollars per hour is that of $9. This can be calculated using by subtracting the labor rate variance from the actual cost, and then dividing that amount by the actual-direct labor hours as so...

$338,400 - 14,400 = 324,000

AH X SR = 324,000/36,000 = $9

Making the total dollars per hour $9

The standard labor rate is $9

Given that;

Labor rate variance = $14,400 U

Actual direct labor-hours = 36,000

Actual cost = $338,400

Find:

The standard labor rate

Computation:

Labor rate variance = (Actual rate - standard rate)Actual labor hours

14,400 = [($338,400/36,000) - Standard rate]36,000

14,400 / 36,000 = (9.4 - Standard rate)

The standard labor rate = $9

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https://brainly.com/question/20308931?referrer=searchResults

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