7) The following data relate to product no. 33 of Volusia Corporation Direct labor standard 5 hours at $14 per hour Direct labor used in production: 45,000 hours at a cost of $639,000 Manufacturing activity: 8,900 units completed The direct-labor efficiency variance is: A) $7,100U. B) S7,000U. C) $7,100F. D) $7,000F. E) None of the answers is correct.

7) The following data relate to product no. 33 of Volusia Corporation Direct labor standard 5 hours at $14 per hour Direct labor used in production: 45,000 hours at a cost of $639,000 Manufacturing activity: 8,900 units completed The direct-labor efficiency variance is: A) $7,100U. B) S7,000U. C) $7,100F. D) $7,000F. E) None of the answers is correct.

Name: 7) The following data relate to product no. 33 of Volusia Corporation
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Description: 7) The following data relate to product no. 33 of Volusia Corporation:Direct labor standard: 5 hours at $14 per hourDirect labor used in production: 45,000 hours at a cost of $639,000Manufacturing activity: 8,900 units completedThe direct-labor effi

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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