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What is the labor rate ($) variance for the month? The following labor standards have...

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Accounting

What is the labor rate ($) variance for the month? The following labor standards have been established for a particular product:

Standard labor-hours per unit of output.............

2.4 hours

Standard labor rate.............................................

$15.45 per hour

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

Actual hours worked............

5,400 hours

Actual total labor cost..........

$85,860

Actual output........................

2,200 units

$2,430 F

$1,854 U

$1,854 F

$2,430 U

$4,190 U

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