Question

Tax Services prepares tax returns for senior citizens. The standard in terms of​ (direct labor) time spent on each return is hours. The direct labor standard wage rate at the firm is per hour. Last​ month, direct labor hours were used to prepare tax returns. Total wages were . Read the requirementsLOADING.... Requirement 1. What is the actual​ (direct labor) wage rate per hour paid last​ month? ​(Round your answer to the nearest​ cent.) The actual (direct labor) wage rate per hour paid last month is $ .

Answer 1

the numbers are missing in this question, so I looked for a similar question and found the following:

standard direct labor time spent on each tax return is 4 hours

standard direct labor rate is $16.50 per hour

last month, 3,570 hours of direct labor were used

900 tax returns were prepared

total wages $66,045.

Actual wage rate = total wage expense / actual number of direct labor hours used = $66,045 / 3,570 = $18.50 per hour