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The following labor standards have been established for a particular product: Standard labor-hours per unit of output 1.7 hours Standard labor rate $14.05 per hour
The following labor standards have been established for a particular product:
Standard labor-hours per unit of output | 1.7 | hours |
Standard labor rate | $14.05 | per hour |
The following data pertain to operations concerning the product for the last month:
Actual hours worked | 3,700 | hours |
Actual total labor cost | $50,690 | |
Actual output | 2,300 | units |
What is the labor rate variance for the month?
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