Question
A job was budgeted to require three hours of labor per unit at $8 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 $8 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000. What is the labor rate variance?
| $22,000 unfavorable | ||
| $16,000 unfavorable | ||
| $6,000 unfavorable | ||
| $16,000 favorable | ||
| $22,000 favorable |
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
7th Edition
0073526746, 978-0073526744
