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The following data relate to labor cost for production of product A: Actual: 3,350 hours @ $16.50 Standard: 3,500 hours @ $15.00 What is the

The following data relate to labor cost for production of product A:

Actual: 3,350 hours @ $16.50

Standard: 3,500 hours @ $15.00

What is the time variance?

What is the total labor variance?

What is the rate variance?

1.	$5,025F
2.	$2,775U
3.	$2,775F
4.	$2,250U
5.	$5,025U
6.	$2,250F
7.	None of the above.

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