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A company reports these cost data: Actual Results Total labor cost: $570,000...

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Accounting

A company reports these cost data:
Actual Results
Total labor cost: $570,000
Number of units produced: 5,000
Number of labor hours worked: 12,000
The company has established these standards:
Number of labor hours to produce one unit: 2
Standard labor rate: $50
What is the labor rate variance?
A. $30,000 F
B. $30,000 U
C. $100,000 F
D. $100,000 U(31) A company reports these cost data:
Actual Results
Total labor cost: $570,000
Nurnber of units produced: 5,000
Nurnber of latior hours worked: 12,000
The company has established these standards:
Number of labor hours to produce one unit: 2
Standard labor rate: $50
What is the lator rale variance?
$30,000F
$30,000U
$100,000F
$100,000U
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