Summit Manufacturing produces custom desks. It takes 4 hours of direct labor to produce one desk. Summit's standard labor cost is $18 per hour. During the month of November, Summit produced 5,000 desks and used 21,200 hours of direct labor at a total cost of $382,000. What is Summit's labor efficiency variance for November?

Summit Manufacturing produces custom desks. It takes 4 hours of direct labor to produce one desk. Summit's standard labor cost is $18 per hour. During the month of November, Summit produced 5,000 desks and used 21,200 hours of direct labor at a total cost of $382,000. What is Summit's labor efficiency variance for November?

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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