The following labor standards have been established for a particular product: standard labor hours per unit of output 4.0 hoursstandard labor rate $19.80 per hoursthe following data pertain to operations concerning the product for the last month: actual hours worked 6,600 hoursactual total labor cost $131,340actual output 1,600 unitswhat is the labor rate variance for the month? f or uwhat is the labor efficiency varaiance for the month? f or u

rate variance = 660 U

efficiency variance = 3,960 U

Explanation:

std rate  $19.80

actual rate  $19.90

actual hours6,600

difference  $(0.10)

Each hour cost 10 cent more than expected. This variance will be unfavorable

0.10 extra per hour times 6,600

rate variance  $(660.00)

std  hours6400.00

actual hours6600.00

std rate  $19.80

difference-200.00

For the unit output, the actual hours were more than expected. This variance will be unfavorable.

200 extra hours times 19.8 each

efficiency variance  $(3,960.00)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi