Standard labor hours per unit of output: 2.8
standard labor rate per hour: 11.50
operations for the last month:
actual hours worked: 6900
actual total labor cost: 80,385
actual output: 2300 units
What is the labor variance for the month?
What is the labor efficiency rate for the month?
Direct labor rate variance = Actual direct labor-hrs x(Actual ...
Labour Variances & Labour Efficiency are assessed.