Question
Standard Faucets uses standard costing and recorded the following data for the month of August: Standard direct laborrate$10.00 per hour Standard hours allowed for actualproduction20,000
Standard Faucets uses standard costing and recorded the following data for the month of August:
Standard direct laborrate$10.00 per hour
Standard hours allowed for actualproduction20,000 hours
Actual direct laborrate$10.50 per hour
Labor efficiencyvariance$6,000 favorable
How much is the labor rate variance for August?
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Management And Cost Accounting
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
7th Edition
1292232668, 978-1292232669
