Question
The following labor standards have been established for a particular product: standards labor- hours per unit of output 4.0 hours standard labor rate $12.30 per
The following labor standards have been established for a particular product:
standards labor- hours per unit of output 4.0 hours
standard labor rate $12.30 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 7,100 hours
actual total labor cost $89,105
actual output 1,500 units
What is the labor efficiency (quantity) variance for the month?
What are the standard hours for the month?
Enter a favorable variance as a positive number; an unfavorable variance as a negative number.
ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS.
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