A company reports these cost data:

Actual Results

Total labor cost: $$570,000$

Number of units produced: $5,000$

Number of labor hours worked: $12,000$

The company has established these standards:

Number of labor hours to produce one unit: $2$

Standard labor rate: $$50$

What is the labor rate variance?

A$.$ $$30,000$ F

B$.$ $$30,000$ U

C$.$ $$100,000$ F

D$.$ $$100,000$ U$(31)$ A company reports these cost data:

Actual Results

Total labor cost: $$570,000$

Nurnber of units produced: $5,000$

Nurnber of latior hours worked: $12,000$

The company has established these standards:

Number of labor hours to produce one unit: $2$

Standard labor rate: $$50$

What is the lator rale variance?

$$30,000F$

$$30,000U$

$$100,000F$

$$100,000U$