The following labor standards have been established for a particular product:
The following data pertain to operations concerning the product for the last month:

-The labor rate variance for November is:
A) $1,080 F
B) $1,140 U
C) $1,080 U
D) $1,140 F

Question

The following labor standards have been established for a particular product:
  The following data pertain to operations concerning the product for the last month:
 
-The labor rate variance for November is:
A) $1,080 F 
B) $1,140 U 
C) $1,080 U 
D) $1,140 F

Quizplus · Accepted Answer

AH × AR = $13,300
Labor rate variance = (AH × AR) − (AH × SR)
= ($13,300) − (760 hours × $19.00 per hour)
= $13,300 − $14,440
= $1,140 F

The Following Labor Standards Have Been Established for a Particular