Verto Manufacturing produces a product whose direct labor standards are 1.5hours per unit at $15 per hour. In May, the company produced 6,000 units using 9,200 direct labor hours. The actual direct labor cost was $129,200. What is the labor rate variance for May?

Verto Manufacturing produces a product whose direct labor standards are 1.5hours per unit at $15 per hour. In May, the company produced 6,000 units using 9,200 direct labor hours. The actual direct labor cost was $129,200. What is the labor rate variance for May?

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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