Ask Question
BusinessBusiness
17 April, 00:06

A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. the job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000. what is the total labor cost variance?

+4
Answers (1)
  1. 17 April, 00:56
    0
    The total labor cost of variance is the difference of the two presented costs. The actual cost of production is presented below,

    actual cost of production = $198,000

    The other cost can be calculated through the equation,

    cost of production = (3 hours/labor u) (($8/unit) (8,000) = $192,000

    Thus, the total labor cost variance is approximately $6,000.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. the job consisted of 8,000 units and was completed in 22,000 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Explain how compound interest works. in three sentences.
Answers (1)
Can you think of any way that Gig workers might preserve their worker flexibility while attaining minimum wage standards, health benefits, and collective-bargaining rights?
Answers (1)
Clabber company has bonds outstanding with a par value of $108,000 and a carrying value of $102,100. if the company calls these bonds at a price of $99,000, the gain or loss on retirement is:
Answers (1)
A health drink company is known for launching drinks with flavors which are different from what are offered in the market. It regularly indulges in experimentation to come up with new and exotic flavored drinks.
Answers (2)
Payback is best used to evaluate which type of projects
Answers (1)
New Questions in Business
What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.
Answers (2)
Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.
Answers (1)
If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico. True/False
Answers (1)
A variable cost remains constant per unit at various levels of activity. a. True b. False
Answers (1)
A positive economic profit signals that the investors of a firm should divert their funds to alternative ventures. a. True b. False
Answers (1)
Home » Business » A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. the job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000. what is the total labor cost variance?
Sign Up Forgot Password?