Question
The Fellowes Company has developed standards for labor. During June, 80 units were scheduled and 105 were produced. Data related to labor are: Standard hours
The Fellowes Company has developed standards for labor. During June, 80 units were scheduled and 105 were produced. Data related to labor are:
| Standard hours allowed | 2 | hours per unit | ||
| Standard wages allowed | $ | 5.00 | per hour | |
| Actual direct labor | 240 | hours (total cost $1,176) | ||
What is the labor rate variance for June?
$21 unfavorable.
$24 favorable.
$24 unfavorable.
$21 favorable.
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Accounting A Comprehensive Guide For Beginners
Authors: Robert McCarthy
1st Edition
1638180474, 978-1638180470
