Use the following information to answer Questions below.
The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product:

-Determine the labor rate variance.
A) $347 U
B) $347 F
C) $350 U
D) $350 F
E) None of the above

Question

Use the following information to answer Questions below.
The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product:
 
-Determine the labor rate variance.
A) $347 U 
B) $347 F 
C) $350 U 
D) $350 F 
E) None of the above

Quizplus · Accepted Answer

AH (AR-SR) = 3,470 x ($19.90 -$20.00) = $347 F

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