The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product: Actual Costs Standard Costs Direct Material 6,200 lb. @ $3.90 6,000 lb. @ $4.00 Direct Labor 4,300 hrs. @ $14.70 4,000 hrs. @ $15.00 Determine the labor efficiency variance. Select one: a. $4,410 U b. $4,410 F c. $4,500 F d.$4,500 U e.None of the above
The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product: Actual Costs Standard Costs Direct Material 6,200 lb. @ $3.90 6,000 lb. @ $4.00 Direct Labor 4,300 hrs. @ $14.70 4,000 hrs. @ $15.00 Determine the labor efficiency variance. Select one: a. $4,410 U b. $4,410 F c. $4,500 F d.$4,500 U e.None of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following actual and
Actual Costs | Standard Costs | |
---|---|---|
Direct Material | 6,200 lb. @ $3.90 | 6,000 lb. @ $4.00 |
Direct Labor | 4,300 hrs. @ $14.70 | 4,000 hrs. @ $15.00 |
Determine the labor efficiency variance.
Select one:
a. $4,410 U
b. $4,410 F
c. $4,500 F
d.
$4,500 U
$4,500 U
e.
None of the above
None of the above
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