How much is the direct labor rate variance? 1.21K viewsOctober 21, 2016 0 Darshita6.14K October 21, 2016 0 Comments The following information describes a company’s usage of direct labor in a recent period. Actual direct labor hours used 34,000 Actual rate per hour $17.00 Standard rate per hour $16.75 Standard hours for units produced 33,500 How much is the direct labor rate variance? 1 Answer ActiveVotedNewestOldest 0 Darshita6.14K Posted October 21, 2016 0 Comments Direct Labor Rate Variance: = Actual Quantity x Actual Rate – Actual Quantity x Standard Rate = Actual cost – Standered cost of Actual Hours = 34000*17 – 34*16.75 =578000-569500 =8500U Register or Login
