Cop Correct AnswerYou AnsweredThe labor efficiency variance is:Do not round intermediate calculations.O $54000 Unfavorable$54000 Favorable.$61500 Unfavorable$61500 Favorable ABC Company makes a single product which has the following standards:Direct materials 2 kilograms $4.30 per kilogramDirect labor 3 hours $6.00 per hourVariable overhead 3 hours $6.50 per hourFixed overhead 3 hours $9.00 per hourThe following data pertain to June's operations:• Direct labor was $820,500 for 147,000 hours worked• Direct material purchases were 110,000 kilograms for $485,000• Variable manufacturing overhead incurred was $986,000• Fixed manufacturing overhead incurred was $1,154,500• 93,000 kilograms of direct materials were used• The company sold 42,000 units at $130 each• Variable manufacturing overhead is applied based on direct labor hours• 46,000 units were produced during the year• Budgeted production was 45,000 units• At the beginning of June there were no inventories.The labor efficiency variance is:

Name: Cop Correct AnswerYou AnsweredThe labor efficiency variance is:Do not
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Cop Correct AnswerYou AnsweredThe labor efficiency variance is:Do not round intermediate calculations.O $54000 Unfavorable$54000 Favorable.$61500 Unfavorable$61500 Favorable ABC Company makes a single product which has the following standards:Direct