The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output What is the labor efficiency variance for the month? (2.5점) 1) $19,720 F 10.2 hours $ 14.00 per hour -2) $19,720 U (3) $16,520 F -4) $16,048 F 8,000 hours $ 108,800 900 units

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following labor standards have been established for a particular product:
Standard labor-hours per unit of output
Standard labor rate
The following data pertain to operations concerning the product for the last month:
Actual hours worked
Actual total labor cost
Actual output
What is the labor efficiency variance for the month?
(2.5점)
1) $19,720 F
10.2 hours
$14.00 per hour
-2)
$19,720 U
(3) $16,520 F
-4) $16,048 F
8,000 hours
$ 108,800
900 units
Transcribed Image Text:The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output What is the labor efficiency variance for the month? (2.5점) 1) $19,720 F 10.2 hours $14.00 per hour -2) $19,720 U (3) $16,520 F -4) $16,048 F 8,000 hours $ 108,800 900 units
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