Determine the number of actual labor-hours spent batches

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Problem

Working Backwards from Labor Variances The Global Credit Card uses standards to control the labor time involved in opening mall from card holders and recording the enclosed remittances, Incoming mall is gathered into batches and a standard time is set for opening and recording each batch. The labor standards relating to one batch are given below: Standard Hours 2.5 Standard Rate P6 Standard Cost P15 Per batch The record showing the time spent last week in opening batches of mail has been misplaced However, the batch supervisor recalls that 166 batches were received and opened during the week, and the controller recalls the following variance data relating to these batchee Total labor variance Labor rate varlarice P330 U 160 F

Task

A. Determine the number of actual labor-hours spent batches. Get the instant assignment help.

B. Determine the actual hourly rate paid to employees for opening batches

Reference no: EM133901520

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