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The following labor standards have been established for a particular product:
| | | | |
| Standard labor hours per unit of output | | 4.0 | hours |
| Standard labor rate | $ | 17.10 | per hour |
| |
The following data pertain to operations concerning the product for the last month:
| | | | |
| Actual hours worked | | 5,600 | hours |
| Actual total labor cost | $ | 96,320 | |
| Actual output | | 1,300 | units |
| |
Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month?
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