Do not give answer in image Worldwide Credit Card Inc. uses standards to control the labour time involved in opening mail from cardholders and recording theenclosed remittances. Incoming mail is gathered into batches, and a standard time is set for opening and recording each batch. Thelabour standards relating to one batch are as follows:Per batchTotal labour varianceLabour rate varianceStandardHours2.5The record showing the time spent last week in opening batches of mail has been misplaced. However, the batch supervisor recallsthat 168 batches were received and opened during the week, and the controller recalls the following variance data relating to thesebatches:Actual labour-hoursStandardRate$12.00$660 U$300 F(Hint: A useful wa to proceed is to work from known to unknown data, either by using the variance formulas or by using the columnarformat.)Actual rateStandardCost$30.00Required:1. Determine the number of actual labour-hours spent opening batches during the week.per hour2. Determine the actual hourly rate paid to employees for opening batches last week. (Round your answer to 2 decimal places.)

Name: Do not give answer in image Worldwide Credit Card Inc. uses standards
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Do not give answer in image Worldwide Credit Card Inc. uses standards to control the labour time involved in opening mail from cardholders and recording theenclosed remittances. Incoming mail is gathered into batches, and a standard time is set for o