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What is the labor rate variance for the month

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Reference no: EM132501292

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

Standard labor-hours per unit of output: 8.6 hours

Standard labor rate: $15.50 per hour

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

Actual hours worked:8,500 hours

Actual total labor cost: $129,200

Actual output: 840 Units

Question1 : What is the labor rate variance for the month? Was it favorable or unfavorable?

Reference no: EM132501292

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