Asked by
Cristal Suriel Mercedes
on Oct 10, 2024
Verified
The labor rate variance is:
A) $625 U
B) $500 F
C) $500 U
D) $625 F
Labor Rate Variance
A financial measure that compares the actual cost of labor to the expected or standard cost, indicating how well a company manages its labor expenses.
- Acquire knowledge on the computation of labor rate variance.
- Clarify what constitutes the differences between a favorable (F) and an unfavorable (U) variance.
Verified Answer
SB
Learning Objectives
- Acquire knowledge on the computation of labor rate variance.
- Clarify what constitutes the differences between a favorable (F) and an unfavorable (U) variance.