Assume the following: The standard labor rate is $8.50 per…

Assume the following: The standard labor rate is $8.50 per hour. The standard quantity of labor allowed per unit is 4 hours. The company paid $342,000 for 38,000 hours of labor. The company actually produced 10,000 units of finished goods during the period. What is the labor efficiency variance?

Hotel  X bases its budgets on guest-days. The hotel’s static…

Hotel  X bases its budgets on guest-days. The hotel’s static budget for August appears below: The budgeted number of guest-days   4,300 Budgeted variable costs:     Supplies (@$9.60 per guest-day) $ 41,280 Laundry (@$9.40 per guest-day)   40,420 Total variable cost   81,700 Budgeted fixed costs:     Wages and salaries   57,190 Occupancy costs   52,030 Total fixed cost   109,220 Total cost $ 190,920     The total fixed cost at the activity level of 5,500 guest-days per month should be:    

The following labor standards have been established for a pa…

The following labor standards have been established for a particular product:   Standard labor-hours per unit of output   8.7 hours Standard labor rate $ 18.10 per hour ​ The following data pertain to operations concerning the product for the last month:   Actual hours worked   3,800 hours Actual total labor cost $ 67,640   Actual output   500 units ​ What is the labor efficiency variance for the month?