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QUESTION 2 The following labor standards have been established for a product 084: Standard labor hours per unit of output 5.1 hours Standard labor rate
QUESTION 2 The following labor standards have been established for a product 084: Standard labor hours per unit of output 5.1 hours Standard labor rate $17.30 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 5,780 hours Actual total labor cost $101,150 Actual output 1,100 units 10 points Required: show your work a. What is the labor rage variance for the month? b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Extra Credit: What is the actual labor rate? 3 points
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