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C & H Corp. uses a standard cost system, manufactured 18,000 bumper cars during 2021 using 153,000 square feet of rubber purchased at $1.05 per square foot. Production required 413 direct labor hours costing $16 per hour. The direct materials standard was 6 square feet of rubber per car, at a cost of 1.30 per square foot. The labor standard was 1.050 direct labor hours per car, at a standard cost of $16. Calculate the direct labor efficiency variance. (AQ ? SQ) ? SC = 11 Di

C & H Corp. uses a standard cost system, manufactured 18,000 bumper cars during 2021 using 153,000 square feet of rubber purchased at $1.05 per square foot. Production required 413 direct labor hours costing $16 per hour. The direct materials standard was 6 square feet of rubber per car, at a cost of 1.30 per square foot. The labor standard was 1.050 direct labor hours per car, at a standard cost of $16. Calculate the direct labor efficiency variance. (AQ ? SQ) ? SC = 11 Di

FINANCIAL ACCOUNTING
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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C&H Corp. uses a standard cost system, manufactured 18,000 bumper cars during 2021 using 153,000 square feet of rubber purchased at $1.05 per square foot. Production required 413 direct labor hours costing $16 per hour. The direct materials standard was 6 square feet of rubber per car, at a cost of 1.30 per square foot. The labor standard was 1.050 direct labor hours per car, at a standard cost of $16. Calculate the direct labor efficiency variance. (AQ ? SQ) ? SC = 11 Direc
Transcribed Image Text:C&H Corp. uses a standard cost system, manufactured 18,000 bumper cars during 2021 using 153,000 square feet of rubber purchased at $1.05 per square foot. Production required 413 direct labor hours costing $16 per hour. The direct materials standard was 6 square feet of rubber per car, at a cost of 1.30 per square foot. The labor standard was 1.050 direct labor hours per car, at a standard cost of $16. Calculate the direct labor efficiency variance. (AQ ? SQ) ? SC = 11 Direc
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