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The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.5 hours Standard labor rate $ 12.30 per
The following labor standards have been established for a particular product:
Standard labor-hours per unit of output | 8.5 | hours | |
Standard labor rate | $ | 12.30 | per hour |
The following data pertain to operations concerning the product for the last month:
Actual hours worked | 6,300 | hours | |
Actual total labor cost | $ | 74,970 | |
Actual output | 800 | units | |
What is the labor efficiency variance for the month?
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