Question
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.8 hours Standard labor rate $ 15.70 per
The following labor standards have been established for a particular product:
| Standard labor-hours per unit of output | 8.8 | hours | |
| Standard labor rate | $ | 15.70 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 8,700 | hours | |
| Actual total labor cost | $ | 133,980 | |
| Actual output | 860 | units | |
What is the labor rate variance for the month?
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Frank Woods Business Accounting Volume 1
Authors: Frank Wood, Alan Sangster
11th Edition
0273712128, 978-0273712121
