Answer
Actual Cost |
Standard Cost |
|||||||||
AH |
x |
AR |
AH |
x |
SR |
SH |
x |
SR |
||
74,000 |
x |
$ 16.00 |
74,000 |
x |
$ 15.00 |
75,100 |
x |
$ 15.00 |
||
$ 1,184,000.00 |
$ 1,110,000.00 |
$ 1,126,500.00 |
||||||||
Rate Variance - Labor |
$ 74,000.00 |
Efficency Variance - Labor |
$ 16,500.00 |
Labor Rate Variance |
$ 74,000.00 |
Unfavourable |
Labor Efficiency Variance |
$ 16,500.00 |
Favourable |
Total Labor Cost [Spending] Variance |
$ 57,500.00 |
Unfavourable |
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