The following labor standards have been established for a particular product: Standard labor-hours per unit of...

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The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standar

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Answer 1

Answer #1

Answer:

Labor efficiency variance = SR(AQ-SQ)

= $12.50 (6,500-7,830)

= $12.50 (-1,330)

= -$16,625 (or )

$16,625 Favorable

Where,

Standard rate (SR) = $12.50 per hour
Actual hours worked (AQ) = 6,500 hours
Standard hours for actual production (SQ) = 900 units x 8.7 hours = 7,830 hours

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Answer 2

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