I need help with this problem and accounting question Mountainview Manufacturing completes job #529 which has a standard of 680labor hours at a standard rate of $19.75 per hour. The job was completed in 710hours and the average actual labor rate was $20.10 per hour. What is the laborrate variance?

Step 1: Detailed Explanation of Labour Rate VarianceLabour rate variance represents the difference…

Answered: Mountainview Manufacturing completes…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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Mountainview Manufacturing completes job #529 which has a standard of 680 labor hours at a standard rate of $19.75 per hour. The job was completed in 710 hours and the average actual labor rate was $20.10 per hour. What is the labor rate variance?