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The following labor standards have been established for a particular product:
| |
| Standard labor-hours per unit of output | | 8.9 | hours |
| Standard labor rate | $ | 15.80 | per hour |
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The following data pertain to operations concerning the product for the last month:
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| Actual hours worked | | 8,800 | hours |
| Actual total labor cost | $ | 136,400 | |
| Actual output | | 870 | units |
| |
What is the labor rate variance for the month?
Multiple Choice
$16,384 U
$14,061 F
$2,640 F
$14,061 U
Answer & Explanation
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