Compute the Labor Variance with work shown from the table below

Actual Material used: 30,000 Actual Cost: $7.75/Unit Actual Labor Hrs: 33,000 Actual Labor Rate: $15/Hr:

Budgeted production (units)		16,600		20,600		22,800		60,000
Labor requirements per unit (hours)		0.5		0.5		0.5		0.5
Total labor hours needed		8,300		10,300		11,400		30,000
Labor rate (per hour)		$16		$16		$16		$16
Labor dollars		$132,800		$164,800		$182,400		$480,000