Question
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.7 hours Standard labor rate $ 15.85 per
The following labor standards have been established for a particular product:
| Standard labor-hours per unit of output | 8.7 | hours | |
| Standard labor rate | $ | 15.85 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 10,800 | hours | |
| Actual total labor cost | $ | 169,020 | |
| Actual output | 1,550 | units | |
What is the labor rate variance for the month?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
