Determine actual hours worked, actual purchase prices
Standard direct-labor rate $14.00
Actual direct-labor rate $12.20
Standard direct-labor hours 12,000
Direct-labor quantity varianceâ?"unfavorable $9,800
Standard unit price of materials $4.50
Actual quantity purchased and used 1,800
Standard quantity allowed for actual production 1,650
Materials purchase price varianceâ?"favorable $198
1. Evaluate the actual hours worked rounded to the nearest hour.
2. Find the actual purchase price per unit of materials, rounded to the nearest penny.