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ASHA 777 [7]
3 years ago
10

The Landry Company has developed standards for labor. During June, 69 units were scheduled and 100 were produced. Data related t

o labor are: Standard hours allowed 2 hours per unit Standard wages allowed $3.40 per hour Actual direct labor 250 hours (total cost $825) What is the labor rate variance for June? $25 favorable. $74 unfavorable. $74 favorable. $25 unfavorable.
Business
1 answer:
kupik [55]3 years ago
7 0

Answer:

$25 favorable

Explanation:

(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance

std rate           $ 3.40

actual rate   $ 3.30  (825 total cost / 250 labor hours)

actual hours 250

(3.4-3.3) \times 250 = DL \: rate \: variance

difference  $0.10

250 x 0.1 = rate variance

rate variance  $25.00

The diference between the actual cost per hour of the employee and the standard we considered is positive, it cost less to have the employee working on the product. the variance is favorable.

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Explanation:

Giving the following information:

At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and its total fixed maintenance and repair cost is $230,253.

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