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MC Qu. 144 The following labor standards... The following labor standards have been established for a particular product: Standard labor-hours per unit of output 7.9

MC Qu. 144 The following labor standards...

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 7.9 hours
Standard labor rate $15.45 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 10,000 hours
Actual total labor cost $152,100
Actual output 1,150 units

What is the labor rate variance for the month?

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