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The following labor standards have been established for a particular product: Standard labor hours per...

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Accounting

The following labor standards have been established for a particular product: Standard labor hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 6,800 hours $ 136,680 1,600 units Required: a. What is the labor rate variance for the month? 4.2 hours $ 20.00 per hour a. Labor rate variance b. Labor efficiency variance b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., variance). Input all amounts as positive values.)
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The following labor standards have been established for a particular product: standard tabox houra por unit of output 4:2 hours 5.20 .00 per hour standard labor rate standard labor rata The following data pertain to operations concerning the product for the last month: Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., variance). Input all amounts as positive values.)

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