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Calculate the direct labor rate variance

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Question - The following is a partially completed performance report for a recent week for direct labor in the binding department of a book publisher. The original budget $ 14.850, actual $ 15,680. The original budget is based on the expectations that 8,250 books would be bound, the standard is 15 books per hour at a pay rate of $27 per hour. During the week, 8,250 books were actually bound. Employees worked 560 hours at an actual total cost of $ 15,680. Calculate the direct labor rate variance.

Reference no: EM133014539

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