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Lucky Company's direct labor information for the month of February is as follows: Actual direct labor...

Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 63,000 Standard direct labor hours allowed (SQ) 70,000 Total payroll for direct labor$630,000 Direct labor efficiency variance$61,600 The total standard direct labor cost allowed for February, rounded to the nearest dollar, was:

Multiple Choice $596,400.$616,000.$658,000.$630,000.$554,400.

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Answer #1

Actual direct labor hours worked (AQ) = 63,000

Standard direct labor hours allowed (SQ) = 70,000

Total payroll for direct labor = $630,000

Direct labor efficiency variance = $61,600

Direct labor efficiency variance = Standard rate x (Standard time - Actual time)

61,600 = Standard rate x (70,000 - 63,000)

Standard rate = $8.8 per hour

Total standard direct labor cost = Standard direct labor hours allowed x Standard rate

= 70,000 x 8.8

= $616,000

The total standard direct labor cost allowed for February, rounded to the nearest dollar, was = $616,000

Second option is correct.

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