The following data relate to direct labor costs for the current month : Standard Costs : 7,500 hours @ $ 11.50 per hour Actual Costs : 6,000 hours @ $ 12.00 per hour What is the direct labor efficiency ( time ) variance ? $17,250 favorable $3,000 unfavorable $18,000 favorable None of the listed choices are correct $3,750 unfavorable

The following data relate to direct labor costs for the current month : Standard Costs : 7,500 hours @ $ 11.50 per hour Actual Costs : 6,000 hours @ $ 12.00 per hour What is the direct labor efficiency ( time ) variance ? $17,250 favorable $3,000 unfavorable $18,000 favorable None of the listed choices are correct $3,750 unfavorable

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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Question 5
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