If the standard to produce a given amount of product is 500 direct labor hours at $15 and the actual direct labor incurred $600 at $17 direct labor rate

Comments (3) on “If the standard to produce a given amount of product is 500 direct labor hours at $15 and the actual direct labor incurred $600 at $17 direct labor rate”

1. False

   Explanation:

   Missing word "True or False"

   Labor rate variance = Actual hours*Actual rate - Actual hours*Standard rate

   Labor rate variance = 600*$17 - 600*$15

   Labor rate variance = 10200 - 9000

   Labor rate variance = 1200 (Unfavorable)

   So, the above solution 1,200 favorable is false

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2. answer; planning;

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3. b or d if i'm correct boi.

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