Question
Spendex has established the following standards for one of its products: Standard labor hours per unit of output 8.00 hours Standard labor rate $18.00 per
Spendex has established the following standards for one of its products:
Standard labor hours per unit of output 8.00 hours
Standard labor rate $18.00 per hour
During the current month, actual labor-hours worked were 3,800, actual total labor cost was $66,500 and actual output was 500 units.
What is the labor rate variance for the current month?
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
7th Edition
0912503688, 978-0912503684
