Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is the labor rate ($) variance for the month?

What is the labor rate ($) variance for the month? The following labor standards have...

80.2K

Verified Solution

Question

Accounting

What is the labor rate ($) variance for the month? The following labor standards have been established for a particular product:

Standard labor-hours per unit of output.............

2.4 hours

Standard labor rate.............................................

$15.45 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked............

5,400 hours

Actual total labor cost..........

$85,860

Actual output........................

2,200 units

$2,430 F

$1,854 U

$1,854 F

$2,430 U

$4,190 U

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Area m 160 140 120 100 8878 80 60 40 20 5 10 15 Length...

Advance Math
1.2K views

Write a matlab program that determines the value of pi using the monte carlo technique. do...

Physics
1.2K views

A ball of mass 5g is thrown downward from point A with certain initial velocity...

Basic Math
1.2K views

Y ZZZ Y N N Y N Y ZZZ Y N N N N No...

Basic Math
1.2K views

3 Write the following in a b form 27x 27x 81 8 256 2 16x4...

Basic Math
1.2K views

Let the set A be defined as follows A 83 59 55 13 3 a...

Calculus
1.2K views

Set up the following triple integral but do not calculate it a solid that lies...

Algebra
1.2K views

Write a recursive formula for the following arithmetic sequence 13 7 1 5

Accounting
1.2K views

Otto's Tune-Up Shop follows the revenue recognition principle. Otto services a car on Au-gust 31....

Accounting
1.2K views

Ask ten people who believe themselves knowledgeable about critical thinking for a definition, and you...

Accounting
1.2K views

[The following information applies to the questions displayed below.] At the beginning of Year 2,...

Accounting
1.2K views

For the month ending on June 01, 2011. Prepare a classified balance sheet, a multi-step...