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The standard rate per hour is $8 and the standard hours to produce one unit is 2 hours. During June, 54,197 hours were worked at
The standard rate per hour is $8 and the standard hours to produce one unit is 2 hours. During June, 54,197 hours were worked at an actual rate of $6 per hour. The total number of units produced were 19,073. What is the Labor Quantity Variance? Round your answer to the nearest one dollar. Leave your answer positive if the LQV is unfavorable. Put a - sign in front of your answer if the LQV is favorable. As always, do not put dollar signs or commas in your answer. Question 2 2.5pts The standard rate per hour is $8 and the standard hours to produce one unit is 2 hours. During July, 5,886 hours were worked at an actual rate of $14 per hour. The total number of units produced were 45,154 . What is the Labor Rate Variance(LRV), sometimes called the Labor Price Variance? Round your answer to the nearest one dollar. Leave your answer positive if the LRV is unfavorable. Put a sign in front of your answer if the LRV is favorable. As always, do not put dollar signs or commas in your
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