Business, 16.07.2021 01:00, joshbee2014

The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.8 hours
Standard labor rate $20.60 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 7,400 hours
Actual total labor cost $153,180
Actual output 1,500 units
Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month?

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