Homework Answers
Actual Hour = 363,000hrs
Standard hour =657,000× 0.46= 302,220
Actual rate =$9.3
Standard rate =$10.40
A. Labor Rate variance=(SR-AR)AH
=(10.40-9.3)363,000=399,300 F
B. Labor Efficiency variance =SR(SH -AH)
=10.40(302,220-363,000)=-632,112 U
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