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What was the labor rate variance for this last pay period

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a. Your Company uses a standard cost system. The labor standard is 4 units per 8-hour day at a standard cost of $15 per hour. Last month employees worked 4,920 hours and produced 2,500 units. The total labor cost during this period was $74,784. What was the labor rate ($) variance for this last pay period?

b. Your Company's materials quantity variance was $24,000 unfavorable. The standard cost per pound is $12.00 and 30 pounds are allowed for each unit of output. Records show that 43,500 pounds of material were used. How many units of output were actually produced?

Reference no: EM133029767

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