Question
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.9 hours Standard labor rate $ 16.50 per
The following labor standards have been established for a particular product:
| Standard labor-hours per unit of output | 8.9 | hours | |
| Standard labor rate | $ | 16.50 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 9,500 | hours | |
| Actual total labor cost | $ | 153,900 | |
| Actual output | 940 | units | |
What is the labor rate variance for the month?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cost Accounting Fundamentals Essentials Concepts And Examples
Authors: Steven M. Bragg
7th Edition
1642210846, 978-1642210842
