Knowledge Check O1 The standard hours allowed is the direct labor-hours that should have been used to complete the planned output for the period. O the direct labor-hours that should have been used to complete the actual output for the period. computed by multiplying the standard labor-hours allowed per unit by the planned output for the period computed by multiplying the actual labor-hours per unit by the planned output for the period. XXX Company Standard Hours of Input at Standard Rate Actual Hours of Input at Standard Rate (AH x SR) = (2,200 hours $1.90) = (2,200 hours $2.00) = (2,000 hours $2.00) Actual Hours of Input at Actual Rate (AH x AR) (SH SR ) Knowledge Check 01 What is the spending variance? $180 F $180 U $4,000 F $4,000 U XXX Company Actual Hours of Input Actual Hours of Input Standard Hours of Input at Standard Rate (AH X SR) = (2,200 hours $1.90) = (2,200 hours x $2.00) = (2,000 hours $2.00) at Actual Rate (AH AR) at Standard Rate (SHx SR) Knowledge Check 01 What is the labor rate variance? $180 F $220 F $220 U $400 U