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Bateh Company produces hot sauce. The following information is provided concerning its standard cost system for the year:

Bateh Company produces hot sauce. The following information is provided concerning its standard cost system for the year:

Bateh Company produces hot sauce. The following information is provided concerning its standard cost system for the year:

Standard Data

 

Actual Data

 

Material

1/8 lbs. @ $7.50 per lb.

Produced

4,400

 

Labor

24 mins. @ $12 per hr.

Materials cost

$7.40 per pound

Budgeted fixed overhead

$28,350

Materials used

556 pounds

Budgeted variable overhead

$4.50 per unit

Labor worked

1,610 hrs. totaling $19,481

Budgeted production

4,500

Actual overhead

Fixed $20,000; Variable: $28,400

 

How much is the labor quantity variance?

 
manish jayant 10-Sep-2020

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