Labor Rate? Babu Company completes job #928which has a standard of 610 laborhours at a standard rate of $19.30per hour. The job was completedin 590590 hourshours and thethe averageactual labor rate was $19.10 perhour. What isWhat is the labor ratevariance?

Labor Rate Variance Solution:= (standard rate - actual rate) x actual hours= ($19.30 - $19.10) x 590…

Answered: Babu Company completes job #928 which…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10EB: Inez has the following information relating to Job AA5. Direct material cost was $200,000, direct...

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Babu Company completes job #928 which has a standard of 610 labor hours at a standard rate of $19.30 per hour. The job was completed in 590 590 hours hours and the the average actual labor rate was $19.10 per hour. What is What is the labor rate variance?