COST ACCOUNTING
STANDARD COSTING AND VARIANCE ANALYSIS
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Question
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XYZ uses standard costing. The following data relates to labour grade II.Actual hours worked 10, 400 hours Standard Allowance for actual production 8320 hours Standard Rate per hour $5 Rate Variance (adverse) $416What is the actual rate of pay per hour?
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$4.96
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$5.04
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$4.95
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$5.05
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Explanation:
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