A company has the following standards for manufacturing one unit of its product: Direct Materials: 65 pounds at $3.00 per pound Direct Labor: 4 hours at $24 per hour During May, the company had budgeted to produce 3,600 units of its product, but actually only produced 3,300 units. The following data relate to actual outcomes from May: • The company purchased 228,000 pounds of materials for $615,600. They used all 228,000 pounds of materials in production. • Total direct labor cost amounted to $371,250 for the 14,850 direct labor hours incurred during May. What is the company's direct labor efficiency variance for May? Indicate whether the variance is favorable or unfavorable. O $39,600 Favorable O $39,600 Unfavorable $10,800 Favorable $10,800 Unfavorable None of the above

A company has the following standards for manufacturing one unit of its product: Direct Materials: 65 pounds at $3.00 per pound Direct Labor: 4 hours at $24 per hour During May, the company had budgeted to produce 3,600 units of its product, but actually only produced 3,300 units. The following data relate to actual outcomes from May: • The company purchased 228,000 pounds of materials for $615,600. They used all 228,000 pounds of materials in production. • Total direct labor cost amounted to $371,250 for the 14,850 direct labor hours incurred during May. What is the company's direct labor efficiency variance for May? Indicate whether the variance is favorable or unfavorable. O $39,600 Favorable O $39,600 Unfavorable $10,800 Favorable $10,800 Unfavorable None of the above

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Description: dont uplode any images in answer A company has the following standards for manufacturing one unit of its product:Direct Materials: 65 pounds at $3.00 per poundDirect Labor: 4 hours at $24 per hourDuring May, the company had budgeted to produce 3,600

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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