The following direct labor data pertain to the operations of Hines Industries for the month of November:

Standard labor rate $15.00 per hr.

Actual hours incurred 9,000

Standard costs are 2.5 direct labor hours to complete one unit of product. The actual labor rate incurred exceeded the standard rate by 10%. Four thousand units were manufactured in November.

# I just need the 3 formula, and this is the labor price variance, labor quantity, and labor variances answers:

Labor Price Variance: ( Standard Rate - Actual Rate ) x Actual Labor Hours ( $ 15.00 - $ 16.50 ) x 9000 -13500 Variance $ 13,500.00 Unfavourable -U

Labor Quantity Variance: ( Standard Hours - Actual Hours ) x Standard Rate ( 10000 - 9000 ) x $ 15.00

15000

Variance $ 15,000.00 Favourable -F

Total Labor Variance: ( Standard Cost - Actual Cost ) ( $ 1,50,000.00 - $ 1,48,500.00 )

1500 Variance $ 1,500.00 Favourable -F