XXX Company Actual Hours of Input Actual Hours of Input Standard Hours of Input at Standard Rate AH SR) = (2,200 hours x $1.90) = (2,200 hours x $2.00) = (2,000 hours x $2.00) at Actual Rate (AH x AR) at Standard Rate (SH x SR) Knowledge Check 01 What is the labor rate variance? $180 F $220 F $220 U $400 U