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Storkin Enterprises recently used 35,000 labor hours to produce 11,300 completed units. According to manufacturing...

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Accounting

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Storkin Enterprises recently used 35,000 labor hours to produce 11,300 completed units. According to manufacturing specifications, each unit is anticipated to take 3.05 hours to complete. The company's actual payroll cost amounted to $679,000. If the standard labor cost per hour is $19.60, Storkin's labor rate variance is: Multiple Choice $3.486 U. $6.800 F. $3.486 F. $7,000 F. None of the answers is correct

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