Hardigree Corporation makes a product that has the following direct labor standards: hours per 0.3 unit Standard direct labor-hours Standard direct labor rate $ 23.00 per hour In May the company's budgeted production was 8,900 units, but the actual production was 8,800 units. The company used 2,820 direct labor-hours to produce this output. The actual direct labor cost was $70,218. The labor efficiency variance for May is:

Hardigree Corporation makes a product that has the following direct labor standards: hours per 0.3 unit Standard direct labor-hours Standard direct labor rate $ 23.00 per hour In May the company's budgeted production was 8,900 units, but the actual production was 8,800 units. The company used 2,820 direct labor-hours to produce this output. The actual direct labor cost was $70,218. The labor efficiency variance for May is:

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Description: Hardigree Corporation makes a product that has the following direct labor standards:hours per0.3unitStandard direct labor-hoursStandard direct labor rate$ 23.00 per hourIn May the company's budgeted production was 8,900 units, but the actual product

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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