Homework Answers
1)Labor rate variance =Total labor variance - Labor efficiency variance
=640 -4800
= - 4160 F
Now,
Labor rate variance = Actual Labor cost - [AH*SR]
- 4160 = 120640 - [10400 *SR]
[10400*SR] = 120640 + 4160
[10400*SR] = 124800
SR =124800 /10400
= $ 12 Per direct labor hour
Standard direct labor rate per direct labor hour = $ 12
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