Elliott Corporation makes and sells a single product. Last period the company's labor rate variance was $14,400 Unfavorable. 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:
A) $9.40
B) $9.00
C) $8.50
D) $8.10

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The Answer of Elliott Corporation makes and sells a single product. Last period the company's labor rate variance was $14,400 Unfavorable. 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:
A) $9.40
B) $9.00
C) $8.50
D) $8.10

Elliott Corporation Makes and Sells a Single Product