Summit Electronics has a direct labor standard of 5.5 hours per unit of output. Each employee has a standard wage rate of $14.00 per hour. During April, Summit Electronics paid $118,650 to employees for 9,600 hours worked. The company produced 1,750 units in April. What is the direct labor efficiency variance? (a) $3,85 favorable (b) $4,90 favorable (c) $3,50 favorable (d) $6,12 favorable

Summit Electronics has a direct labor standard of 5.5 hours per unit of output. Each employee has a standard wage rate of $14.00 per hour. During April, Summit Electronics paid $118,650 to employees for 9,600 hours worked. The company produced 1,750 units in April. What is the direct labor efficiency variance? (a) $3,85 favorable (b) $4,90 favorable (c) $3,50 favorable (d) $6,12 favorable

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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