Based on the standard and actual rates per hour, the direct labor price/rate variance for Spring Green Garden Supplies is $960 Unfavorable.
What is the direct labor price/ rate variance for Spring Green?
This can be found by the formula:
= (Standard labor rate per hour - Actual labor rate) x Number of hours worked
= (40 - 42) x 480
= - 2 x 480
In conclusion, the direct labor price variance is $960 Unfavorable.
Find out more on direct labor rate variance at https://brainacademy.pro/question/20598007.