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Find what is the labor rate variance for the month

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Reference no: EM132605948

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 9.0 hours

Standard labor rate $16.60 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 9,600 hours

Actual total labor cost$156,480

Actual output 950 units

Question 1: What is the labor rate variance for the month?

Option 1: $14,550 F

Option 2: $17,115 U

Option 3: $14,550 U

Option 4: $2,880 F

Reference no: EM132605948

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