Question

Use this information for Flapjack Corporation to answer the question that follows. Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per hour. The direct labor rate variance is

Answer 1

Answer:

the  labor rate variance is $4,920 favorable

Explanation:

The computation of the labor rate variance is shown below:

= (Standard rate - Actual rate) × Actual Hours

= ($13 - $12.40) × 8,200 hours

= $4,920 Favorable

hence, the  labor rate variance is $4,920 favorable

We simply applied the above formula so that the correct value could come

And, the same is to be considered