The following labor standards have been established for a particular product: Standard labor-hours per unit of output 3 hours Standard labor rate $15 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,500 hours $96,200 2,000 units Actual total labor cost Actual output What is the labor rate variance for the month? $7,400 F $7,400 U $1,300 F $6,200 U Question 66 (2 points!

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 3 hours Standard labor rate $15 per hour The following data pertain to operations concerning the product for the last month What is the labor rate variance for the month? $7.400F $7,400U $1,300F $6.200U What is the net operating income for the company if it sells 100,000 units? $910,000 $965.000 $710,000 $800,000