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 $ 12.70 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 | $ | 12.70 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 6,700 | hours | |
| Actual total labor cost | $ | 82,410 | |
| Actual output | 1,000 | units | |
What is the labor efficiency variance for the month?
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Auditors Guide To IT Auditing
Authors: Richard E. Cascarino
2nd Edition
1118147618, 978-1118147610
