Sunrise Electronics has the following data for the month of June: Standard Direct Labor Rate: $18 per hour Standard Labor Hours per Unit: 2 hours • Units Produced: 1,500 units • • ⚫ Actual Direct Labor Rate: $20 per hour ⚫ Actual Direct Labor Hours Worked: 3,200 hours What is the Direct Labor Cost Variance for June?

Sunrise Electronics has the following data for the month of June: Standard Direct Labor Rate: $18 per hour Standard Labor Hours per Unit: 2 hours • Units Produced: 1,500 units • • ⚫ Actual Direct Labor Rate: $20 per hour ⚫ Actual Direct Labor Hours Worked: 3,200 hours What is the Direct Labor Cost Variance for June?

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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The following labor standards have been established for a particular product: Standard labor hours per unit of output 2.8 hours Standard labor rate per hour $ 11.50 The following data pertain to operations concerning the product for the last month: Actual time worked: 6,900 hours Actual total labor cost: $ 80,385 Actual output: 2,300 units What is the labor rate variance for the month? What is the labor efficiency variance for the month?
What is the labor rate variance for the month?
What is the labor rate?
What is the labor rate variance for the month?