Asked by Bella Carranza on Jul 16, 2024
Verified
The labor rate variance for August is:
A) $464 F
B) $512 U
C) $464 U
D) $512 F
Labor Rate Variance
The difference between the expected cost of labor at standard rates and the actual cost of labor incurred.
- Master the theory and calculation technique of labor efficiency variance.
Verified Answer
KS
Kendall SmithJul 18, 2024
Final Answer :
A
Explanation :
Labor rate variance = (AH × AR)? (AH × SR)
= ($22,736)? (1,160 hours × $20.00 per hour)
= $22,736 ? $23,200
= $464 F
= ($22,736)? (1,160 hours × $20.00 per hour)
= $22,736 ? $23,200
= $464 F
Learning Objectives
- Master the theory and calculation technique of labor efficiency variance.