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Standard labor hours rate for production of a product are given as follows: Details Hours Rate/hour Total Skilled workers 5 1.50 7.50 Unskilled 8 0.50

  1. Standard labor hours rate for production of a product are given as follows:

Details

Hours

Rate/hour

Total

Skilled workers

5

1.50

7.50

Unskilled

8

0.50

4.00

Semi-skilled

4

0.75

3.00

Actual data Rate per hour Total

$ $

Output units 1,000

Skilled worker 4,500 hrs 2.00 9000

Unskilled 10,000 hrs 0.45 4500

Semi-skilled 4,200 hrs 0.75 3150

Required: Calculate

  1. Labor cost variance
  2. Labor rate variance
  3. Labor efficiency variance
  4. Labor mixture variance
  5. Labor yield variance

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