Storkin Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing specifications, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $456,000. If the standard labor cost per hour is $19.20, Storkin's labor rate variance is: Multiple Choice $4,800 F. $4,800 U. None of the answers is correct. $1,920 F. $1,920 U.

Storkin Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing specifications, each unit is anticipated to take 275 hours to complete. The company's actual payroll cost amounted to $456,000. If the standard labor cost per hour is $19.20,510 rkin's labor rate variance is: Multple Chaice 54,800F $4,800U None of the answers is correct. 51,920F $1,920u