Thế following labor standards have been established for a particular product Standard labor-hours per unit of output 9.2 hours Standard 1abor rate $16.40 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 9,400 hours $151,340 930 units What is the labor rate variance for the month?

Thế following labor standards have been established for a particular product Standard labor-hours per unit of output 9.2 hours Standard 1abor rate $16.40 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 9,400 hours $151,340 930 units What is the labor rate variance for the month?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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Question

9q-3

The following labor standards have been established for a particular product
Standard labor-hours per unit of output
standard 1abor rate
9.2 hours
$16.40 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked
Actual total labor cost
Actual output
9,400 hours
$151,340
930 units
What is the labor rate variance for the month?
Multiple Choice
$1,022 F
$13.588 U

Actual hours worked
9,400 hours
Actual total labor cost
$151,340
Actual output
930 units
What is the labor rate variance for the month?
Multiple Choice
$11,022 F
$13,588 U
$11,022 U
$2.820 F

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