The labor standard for a product was 5.5 hours at a wage rate of $9 per hour. The firm produced 1,020 units of the item. Labor costs totaled $50,414 and 5,540 hours of labor were used. An analysis of labor costs would indicate
A) a $554 favorable labor rate variance.
B) a $630 unfavorable labor time variance.
C) a $554 unfavorable labor rate variance.
D) a $630 favorable labor time variance.
Correct Answer:
Verified
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