Quiz Chpt 8 C | ? ezto.mheducation.com/hm.tpx 3 The history of graffiti USI-Tech

Question

Quiz Chpt 8 C | ? ezto.mheducation.com/hm.tpx 3 The history of graffiti USI-Tech Back Office Time remaining: 1:110 The following labor standards have been established for a particular product Standard labor-hours per 17 hours unit of output Standard labor rate $14.05 per hour The following data pertain to operations concerning the product for the last month Actual hours worked Actual total labor cost $50,690 Actual output 3,700 hours 2,300 units what is the labor rate varlance for the month? O $1,295 F O $4246 U O $2 877 F O $4,246 F Type here to search

Explanation / Answer

Labour Rate Variance for the month is $1,295 F

Labor rate variance = AH (AR - SR)

AH = 3700 Hours

AR = $50690/3700 = $13.70

SR = $14.05

Labor rate variance = 3700 x ($13.70-$14.05)

= 1,295 F

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