The following labor standards have been established for a particular product:      The following data pertain to operations concerning the product for the last month:      What is the labor rate variance for the month?   Select one: a. $1,890 U b. $4,935 F c. $2,955 F d. $2,955 U

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...
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The following labor standards have been established for a particular product: 

 

 

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

 

 

What is the labor rate variance for the month?

 

Select one:
a. $1,890 U
b. $4,935 F
c. $2,955 F
d. $2,955 U
Actual hours worked..
Actual total labor cost...
Actual output..
6,300 hours
$103,635
2,000 units
Transcribed Image Text:Actual hours worked.. Actual total labor cost... Actual output.. 6,300 hours $103,635 2,000 units
Standard labor-hours per unit of output..
Standard labor rate
3.3 hours
$16.15 per hour
Transcribed Image Text:Standard labor-hours per unit of output.. Standard labor rate 3.3 hours $16.15 per hour
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