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Compute what is the labor rate variance for the month

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Reference no: EM132659679

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 9.2hours

Standard labor rate $16.80per hour

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

Actual hours worked 9,800hours

Actual total labor cost $161,700

Actual output 970units

Problem 1: What is the labor rate variance for the month?

Multiple Choice

Option 1: $11,777 F

Option 2: $14,454 U

Option 3: $11,777 U

Option 4: $2,940 F

Reference no: EM132659679

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