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vichka [17]
4 years ago
8

ctual and budgeted fixed overhead $1,092,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable over

head costs $137,144 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is
Business
1 answer:
icang [17]4 years ago
7 0

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Explanation:

Giving the following information:

Actual and budgeted fixed overhead $1,092,000

Standard variable overhead rate $27.00 per standard labor hour

Actual variable overhead costs $137,144

We weren't provided with enough information to calculate the direct labor rate variance. But I will provide the formula.

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= actual direct labor costs/total actual hours worked

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