What is the labor efficiency variance for the month


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


Standard labor hours per unit of output 8.3 hours
Standard labor rate $12.10 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 6,100 hours
Actual total labor cost $71,370
Actual output 900 units


What is the labor efficiency variance for the month?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the labor efficiency variance for the month
Reference No:- TGS071351

Expected delivery within 24 Hours