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What is the labour rate variance for the month

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Reference no: EM132807966

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

Standard labour hours per unit of output8.10 hours

Standard labour rate£14.40 per hour

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

Actual hours worked8,700 hours

Actual total labour cost£129,195

Actual output1,000 units

Problem 1: What is the labour rate variance for the month?

Multiple Choice

Option 1: £450 F
Option 2: £3,915 F
Option 3: £3,915 U
Option 4: £450 U

Reference no: EM132807966

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