Question
Budgeted production 26,000 units Actual production 27,500 units Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor
| Budgeted production | 26,000 units |
| Actual production | 27,500 units |
| Labor: |
|
| Standard hourly labor rate | $22 per hour |
| Standard hours allowed per completed unit | 6.6 |
| Actual labor hours worked | 183,000 |
| Actual total labor costs | $4,020,000 |
What is the labor price variance?
| 5,490 unfavorable | ||
| 5,490 favorable | ||
| 33,000 favorable | ||
| 33,000 unfavorable |
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
Information Technology Audit Handbook
Authors: Doug Dayton
1st Edition
0136143148, 978-0136143147
