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Compute the labor spending variance

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Question - The following information is available for Lightning Corporation, which produces fancy-dancy screwdrivers. The following information pertains to labor.

Actual volume of screwdrivers produced = 105,000

Actual labor time = 9,450 hours

Actual pay per hour = $17 per hour

Budgeted volume of screwdrivers produced = 112,000

Budgeted labor time = 12,320

Budgeted total spending = $197,120

Required - Use the information above to compute the labor spending variance.

Reference no: EM133026951

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