What is the labor rate variance


Problem

Labor standards are: quantity 0.5 labor hours and price $20 per hour. Actual results to produce 8000 units is 3900 hours for a total of $74100. What is the labor rate variance?

Request for Solution File

Ask an Expert for Answer!!
Managerial Accounting: What is the labor rate variance
Reference No:- TGS03342462

Expected delivery within 24 Hours