Question
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.1 hours Standard labor rate $ 16.70 per
The following labor standards have been established for a particular product:
| Standard labor-hours per unit of output | 9.1 | hours | |
| Standard labor rate | $ | 16.70 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 9,700 | hours | |
| Actual total labor cost | $ | 159,080 | |
| Actual output | 960 | units | |
What is the labor rate variance for the month?
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Information Technology Auditing
Authors: Hall, J Scott Harr
3rd Edition
1133008046, 978-1439079119
