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

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Accounting

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

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:

Actual hours worked 8,800 hours
Actual total labor cost $ 136,400
Actual output 870 units

What is the labor rate variance for the month?

Multiple Choice

$16,384 U

$14,061 F

$2,640 F

$14,061 U

Answer & Explanation Solved by verified expert
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