What is the labor efficiency variance for the month input

Reference no: EM13596518

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

Standard labor hours per unit of output 4.5 hours
Standard labor rate $19.70 per hours

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

Actual hours worked 6,500 hours
Actual total labor cost $130,975
Actual output 1,400 units

Required:
a.What is the labor rate variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)
Labor rate variance $

b.What is the labor efficiency variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)
Labor efficiency variance $

Reference no: EM13596518

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