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What is the labor rate variance for the month

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Reference no: EM133088723

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

Standard labor hours per unit of output 4.5 hours

Standard labor rate $17.60 per hour

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

Actual hours worked 6,100 hours

Actual total labor cost $107,970

Actual output 1,300 units

Required -

a. What is the labor rate variance for the month?

b. What is the labor efficiency variance for the month?

Reference no: EM133088723

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