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-   -   The following labor standards have been provided by the Rand Company: Standard ho (https://www.askmehelpdesk.com/showthread.php?t=497908)

  • Aug 13, 2010, 04:36 PM
    yazeedbakri
    The following labor standards have been provided by the Rand Company: Standard ho
    The following labor standards have been provided by the Rand Company:
    Standard hours per unit: 2
    Standard cost per hour: $12
    During the most recent month Rand produced 2,000 units and used 3,900 labor hours at a cost of
    $47,580. What was the labor efficiency variance for the month?
    A) $1,200 unfavorable B) $1,220 unfavorable
    C) $1,220 unfavorable D) $1,200 favorable
  • Aug 13, 2010, 05:12 PM
    ScottGem

    Please review the guidelines on asking for help with homework that can be found here:



    https://www.askmehelpdesk.com/arts-l...board-b-u.html
  • Aug 16, 2010, 04:37 AM
    rehmanvohra

    As a guidance, please use the following step:

    (Standard Hours allowed - Actual Hours worked) x Standard Rate per hour.

    Of the answer is positive, it is favorable, else unfavorable

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