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 | 4.6 | hours | |
| Standard labor rate | $ | 17.50 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 6,000 | hours | |
| Actual total labor cost | $ | 105,600 | |
| Actual output | 1,200 | units | |
Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month?
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