Question
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.0 hours Standard labor rate $ 16.10 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 | $ | 16.10 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 9,100 | hours | |
| Actual total labor cost | $ | 143,780 | |
| Actual output | 900 | units | |
What is the labor rate variance for the month?
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
