Polaco Corporation makes a product that has the following direct labor standards: hours per 0.4 unit Standard direct labor-hours Standard direct labor rate $ 24.00 per hour In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour. The labor rate variance for May is:

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Polaco Corporation makes a product that has the following direct labor standards:
hours per
Standard direct labor-hours
0.4
unit
$ 24.00 per hour
Standard direct labor rate
In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour.
The labor rate variance for May is:
Multiple Choice
$6,460 F
$6,118 U
$6,460 U
$6,118 F
Transcribed Image Text:Polaco Corporation makes a product that has the following direct labor standards: hours per Standard direct labor-hours 0.4 unit $ 24.00 per hour Standard direct labor rate In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour. The labor rate variance for May is: Multiple Choice $6,460 F $6,118 U $6,460 U $6,118 F
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