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The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.1 hours Standard labor rate $ 14.40 per
The following labor standards have been established for a particular product:
| Standard labor-hours per unit of output | 8.1 | hours | |
| Standard labor rate | $ | 14.40 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 8,700 | hours | |
| Actual total labor cost | $ | 129,195 | |
| Actual output | 1,000 | units | |
What is the labor rate variance for the month?
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Financial Accounting Preparing Financial Statements Study Text
Authors: Kaplan
1st Edition
9781839965685
