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Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In April the company produced 7,350 units using 5,380 direct labor hours. The actual direct labor cost was $112,980. The labor efficiency variance for April is: a. $51,660 U b. $51,660 F c. $14,000 U d. $14,000 F

Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In April the company produced 7,350 units using 5,380 direct labor hours. The actual direct labor cost was $112,980. The labor efficiency variance for April is: a. $51,660 U b. $51,660 F c. $14,000 U d. $14,000 F

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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Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In April the company produced 7,350 units using 5,380 direct labor hours. The actual direct labor cost was $112,980. The labor efficiency variance for April is: a. $51,660 U b. $51,660 F c. $14,000 U d. $14,000 F
Transcribed Image Text:Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In April the company produced 7,350 units using 5,380 direct labor hours. The actual direct labor cost was $112,980. The labor efficiency variance for April is: a. $51,660 U b. $51,660 F c. $14,000 U d. $14,000 F
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