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    Labor Rate Variance

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    The following labor standards have been established for a product:

    Standard labor-hours per unit of output 2.4 hours
    Standard labor rate $15.45 per hour

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

    Actual hours worked: 5400 hours
    actual total labor cost $85,860
    Actual output 2,200 units

    What is the labor rate variance for the month?

    A 1908 U
    B 2430 U
    C 4284 U
    D 4284 F

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    https://brainmass.com/business/labour-management-and-relations/labor-rate-variance-127565

    Solution Preview

    The following labor standards have been established for a product:

    Standard labor-hours per unit of output 2.4 hours
    Standard labor rate ...

    Solution Summary

    This solution is comprised of a detailed explanation to find labor rate variance.

    $2.49

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