Determine the labor rate variance for the month

Reference no: EM1341183

Computing Labor Rate and Efficiency Variances

The following labor standards have been established for a particular product:
Standard labor hours per unit of output......0.3 hours
Standard labor rate..................................$15.50 per hour

The following data pertain to operations concerning the product for the last month:
Actual hours worked.........3800
Actual total labor cost.....$59,470
Actual output.......... 12,800 units

Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month

Reference no: EM1341183

Questions Cloud

Explain global labor contracts : Which country or countries from your selection would you consider ideal in which to coordinate labor contracts and describe your reasons for your determination

Explain the global labor environments : which country do you think possesses the optimum labor environment for either an industrial product or a professional service?

Evaluate of impasses : Address each of the factors listed in the model and provide a brief description of each and evaluate which factors in the negotiations you think were the most important for the public interest.

The pros and cons of unions : What are three things that you think are positive about unions and three things that you think are negative and Are unions good or bad?

Determine the labor rate variance for the month : Explain What is the labor rate variance for the month and What is the labor efficiency variance for the month

Economic class and labor coalition summary of issues : Provide a concise analysis of how these forces shape the public's values and educate them.

Labor laws canada and mexico : Explain the different ways that the selected laws influence business activities through employee regulations and describe the impact of the selected laws on unions and organized labor within these countries

Drive and the company''s desire to remain nonunion : Prepare a page letter to be sent to all plant employees stating the company's position on the union drive and the company's desire to remain nonunion.

Georgia''s product costs total : The accounting records of Georgia Company revealed the following costs - Georgia's product costs total?

User Account

All Pages