Connect Chapter 10 Quiz Help Save &Exit; Submit The following labor standards ha

Question

Connect Chapter 10 Quiz Help Save &Exit; Submit The following labor standards have been established for a particular product 3 Standard labor-hours per unit of output Standard labor rate 10.3 hours $14.10 per hour points 0o3mar The following data pertain to operations concerning the product for the last month 8,100 hours Actual hours worked Actual total labor cost Actual output $110,970 900 units What is the labor efficiency variance for the month? Multiple Choice $16,497 F Prev 3 of Nexto APR 1

Explanation / Answer

labour efficiency variance is equal to (Actual hours -standard hours ) * standard rate

=((8100 - (900 units *10.3 hours) )*14.10 per hour = 16497 F

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