The following labor standards have been established for a particular product: Standard labor hours per unit...
The following labor standards have been established for a particular product:
| Standard labor hours per unit of output | 4.4 | hours | |
| Standard labor rate | $ | 17.70 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 6,200 | hours | |
| Actual total labor cost | $ | 110,360 | |
| 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?
(Input all amounts as positive values.)
Labor rate variance ____ _____
Labor efficiency variance ____ _____
Homework Answers
Labor rate variance = (SR-AR) * AH
= (17.70 - 110360/6200) * 6200
= 620 UNFAVORABLE
Labor efficiency variance = (SH-AH) * SR
= (1300*4.4 - 6200) * 17.70
= 8496 UNFAVORABLE
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