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Calculate the Labor Rate Variance

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Reference no: EM132730171

Question - Acme Construction specializes in concrete work. Each job is a project and they rely heavily on part-time workers since project demand varies based on season, weather, and the number of projects to bid on. Based on supply and demand for laborer, the actual hourly pay varies throughout the year. Based on the previous year's averages, the accounting department is using a standard value of $12 per hour for direct labor. On this project the number of direct labor hours was 22,200 at a total cost of $333,100. Calculate the Labor Rate Variance.

Reference no: EM132730171

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