The following labor standards have been established for a particular product: Standard labor hours per unit of output                                             8.1 hours Standard labor rate                                                                 $14.40 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked                                                                      8,700 hours Actual total labor cost                                                                        $129,195 Actual output                                                                                   1,000 units What is the labor rate variance for the month?  Group of answer choices $3,915 U $450 U $450 F

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The following labor standards have been established for a particular product:

Standard labor hours per unit of output                                             8.1 hours

Standard labor rate                                                                 $14.40 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked                                                                      8,700 hours

Actual total labor cost                                                                        $129,195

Actual output                                                                                   1,000 units

What is the labor rate variance for the month? 

Group of answer choices
$3,915 U
$450 U
$450 F
$3,915 F
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