Kid Trax located in Madison, Wisconsin manufactures electric riding vehicles for children. There is highest...
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Kid Trax located in Madison, Wisconsin manufactures electric riding vehicles for children. There is highest demand for these products in December. The following labor standards have been established for the cars Standard labor-hours per unit of output 8.9 hours Standard labor rate $ 15.80 per hour The following data pertain to operations concerning the product for the last month 8,800 hours Actual hours worked $ 136,400 actual total labor cost 870 units Actual output What is the labor rate variance? What is the labor rate variance? Labor Rate Variance = (AR-SR) * AH AR = actual labor rate per hour SR = standard labor rate per hour AH = actual hours worked Labor Efficiency Variance = (AH - SH) SR AH = actual hours worked SH = standard hours of labor for the actual level of production SR = standard labor rate per hour Multiple Choice O $16,384 U $2,640 F O $14,061 F O $14,061 U
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