Question
Bear Company has set the following standards for the production of one unit of output: Direct labor: 4 hours at $7.00 per hour = $28
Bear Company has set the following standards for the production of one unit of output: Direct labor: 4 hours at $7.00 per hour = $28 per unit. During June, actual production amounted to 420 units of output. Actual direct labor hours worked were 1,720 hours and total direct labor costs were $12,212. The labor rate variance for June is:
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Fundamentals Of Cost Accounting
Authors: Michael W Maher, William N. Lanen, Madhav V. Rajan
1st Edition
