The following labor standards have been established for a particular product:
|
Standard labor hours per unit of output |
3.2 hours |
|
Standard labor rate |
$19.10 per hour |
The following data pertain to operations concerning the product for the last month:
|
Actual hours worked |
5,500 hours |
|
Actual total labor cost |
$105,050 |
|
Actual output |
1,900 units |
Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month?