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

Principles of Accounting Volume 2
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Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...
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Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. Please solve this general accounting question

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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