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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
- 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
- Labor cost variance
- Labor rate variance
- Labor efficiency variance
- Labor mixture variance
- Labor yield variance
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