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The following labor standards have been established for a particular product: Standard labor-hours per unit of output 7.6 hours Standard labor rate $ 15.30 per

The following labor standards have been established for a particular product:


Standard labor-hours per unit of output		7.6	hours
Standard labor rate	$	15.30	per hour

The following data pertain to operations concerning the product for the last month:


Actual hours worked		9,700	hours
Actual total labor cost	$	145,500
Actual output		1,000	units

What is the labor rate variance for the month?

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