Question
The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.2 hours Standard labor rate $16.90 per
| The following labor standards have been established for a particular product: |
| Standard labor hours per unit of output | 4.2 | hours |
| Standard labor rate | $16.90 | per hours |
| The following data pertain to operations concerning the product for the last month: |
| Actual hours worked | 5,400 | hours |
| Actual total labor cost | $91,800 | |
| Actual output | 1,200 | units |
| Required: | |
| a. | What is the labor rate variance for the month?
What is the labor efficiency variance for the month? |
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Modern Auditing And Assurance Services
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
5th Edition
1742168450, 978-1742168456
