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The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.0 hours Standard labor rate $ 16.60 per
The following labor standards have been established for a particular product:
| |||
Standard labor-hours per unit of output |
| 9.0 | hours |
Standard labor rate | $ | 16.60 | per hour |
The following data pertain to operations concerning the product for the last month:
| |||
Actual hours worked |
| 9,600 | hours |
Actual total labor cost | $ | 156,480 |
|
Actual output |
| 950 | units |
What is the labor rate variance for the month?
$17,115 U
$14,550 F
$2,880 F
$14,550 U
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