Question
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.3 hours Standard labor rate $ 16.15 per
The following labor standards have been established for a particular product:
| Standard labor-hours per unit of output | 9.3 | hours | |
| Standard labor rate | $ | 16.15 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 11,400 | hours | |
| Actual total labor cost | $ | 181,830 | |
| Actual output | 1,850 | units | |
What is the labor rate variance for the month?
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Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
