Question
A job was budgeted to require three hours of labor per unit at $12.75 per hour. The job consisted of 8,000 units and was completed
| A job was budgeted to require three hours of labor per unit at $12.75 per hour. The job consisted of 8,000 units and was completed in 23,700 hours at a total labor cost of $354,750 |
| What is the labor rate variance? |
$52,575 unfavorable
$52,575 favorable
$48,750 unfavorable
$3,825 unfavorable
$3,825 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Basics Of IT Audit Purposes Processes And Practical Information
Authors: Stephen D. Gantz
1st Edition
0124171591, 978-0124171596
