Standard labor-hours per unit of output 54 hours standard


Questions -

Q1. If the internal rate of return exceeds the required rate of return for a project, then the net present value of that project is positive.

True

False

Q2. The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 5.4 hours

Standard labor rate 10.2 per hour

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

Actual hours worked 1000 hours

Actual total labor cost $10600

Actual output 200 units

What is the labor rate variance for the month?

$400 U

$80 U

$400 F

$80 F

What is the labor efficiency variance for the month?

$848 F

$816 F

$416 U

$416 F

Solution Preview :

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Accounting Basics: Standard labor-hours per unit of output 54 hours standard
Reference No:- TGS02593883

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