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    lynncl2004's Avatar
    lynncl2004 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 29, 2008, 03:45 PM
    Labor rate variance
    Standard labor hours per unit of output... 8.0
    Standard labor rate... $13.10
    Actual Hours worked... 4,000
    Actual total labor cost... $53,000
    Actual output... 400 units


    What is the labor efficiency variance for the month? Please explain.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Jul 2, 2008, 05:24 PM
    (Standard Rate x Standard Time) - (Standard Rate x Actual Time) = Efficiency Variance

    or:

    (Standard Time - Actual Time) x Standard Rate

    Give this a try. If there's a specific part you don't understand, ask about that specific thing.
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