53) LVN Corporation's direct labor costs and related information for the month of June were as follows: Actual total direct labor-hours Standard total direct labor-hours Total direct labor cost Unfavorable direct labor rate (rate) variance 1450 A) $13,325 unfavorable C) $7059 favorable 800 $16,400 $650 What is LVN Corporation's direct labor efficiency variance? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) B) $7059 unfavorable D) $13,325 favorable 53)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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53) LVN Corporation's direct labor costs and related information for the month of June were as
follows:
Actual total direct labor-hours
Standard total direct labor-hours
Total direct labor cost
Unfavorable direct labor rate (rate) variance
1450
A) $13,325 unfavorable
C) $7059 favorable
800
$16,400
$650
What is LVN Corporation's direct labor efficiency variance? (Round any intermediary calculations to
the nearest cent and your final answer to the nearest dollar.)
B) $7059 unfavorable
D) $13,325 favorable
53)
Transcribed Image Text:53) LVN Corporation's direct labor costs and related information for the month of June were as follows: Actual total direct labor-hours Standard total direct labor-hours Total direct labor cost Unfavorable direct labor rate (rate) variance 1450 A) $13,325 unfavorable C) $7059 favorable 800 $16,400 $650 What is LVN Corporation's direct labor efficiency variance? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) B) $7059 unfavorable D) $13,325 favorable 53)
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