the following labor standards have been established for a particular product: standard labor-hours per unit of output 1.7 hours standard labor rate $14.05 per hour the following data pertain to operations concerning the product for the last month: actual hours worked 3,700 hours actual total labor cost $50,690 actual output 2,300 units what is the labor rate variance for the month?

Question

27-10-2022
Business

Answered

the following labor standards have been established for a particular product: standard labor-hours per unit of output 1.7 hours standard labor rate $14.05 per hour the following data pertain to operations concerning the product for the last month: actual hours worked 3,700 hours actual total labor cost $50,690 actual output 2,300 units what is the labor rate variance for the month?

Answer :

Other Questions

according to data in exhibit 6-3 and assuming the total number of workers is 8,400, the civilian labor force is:

provided that firms have sufficient capital and labor to support an output increase, monetary and fiscal policy are likely to be the most effective when

Respondents to the household survey end up in one of three primary categories: employed, unemployed, or not in the labor force. • An employed person is someone

Product planners need to think about products and services on three levels: - each level adds more customer value - CORE CUSTOMER VALUE - ACTUAL PRODUCT - AUGME

occurs when a company becomes so involved with the development of the product concept that consumer needs are ignored. is that set of actual and potential buyer

Within the Keynesian aggregate expenditures model, which of the following autonomous changes would decrease the equilibrium output?

n global trade the total cost of producing, storing, and transporting a product to the site of consumption or another port is referred to as the: landed cost de

which of the following is true about the federal housing administration's qualifying standards for a mortgage loan

which of the following is defiend as a customer-driven as the spefiic price point of a product is determined by what one is willing to pay

a disciplinary action concerning a registered representative (rr) is reported by the firm through which of the following? qid: 3571160 mark for review

tutorconsortium112 tutorconsortium112 · Answer 1 · 2022-11-04T00:06:28-04:00

$14.05 is the hourly wage prevailing today. The following information relates to the product's operations throughout the previous month: 3,700 hours were actually worked.

Do the math to determine the actual labor rate: - [[begin array l m] Actua, how long does a typical labor day last?

Hours, Pay, and Coverage for Employee Overtime Since the typical American work week is 40 hours long, or eight hours per day for five days a week, the Fair Labor Standards Act (FLSA) says that any labor over 40 hours in a 168-hour period counts as overtime.
The difference between the actual price paid and the predicted price, multiplied by the actual quantity purchased, is known as a rate variance. The idea is used to identify instances where a corporation is paying too much for products, offerings, or labor.
Calculating the difference between actual hours multiplied by the actual rate and actual hours multiplied by the standard rate yields the labor rate variance.

To learn more about Actual labor rate refer to:

https://brainly.com/question/17205346

#SPJ4