The following information describes a​ company's usage of direct labor in a recent​ period:   Actual direct labor hours used ​35,000 Actual rate per hour ​$21.00 Standard rate per hour ​$10.00 Standard hours for units produced

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information describes a​ company's usage of direct labor in a recent​ period:
 
Actual direct labor hours used
​35,000
Actual rate per hour
​$21.00
Standard rate per hour
​$10.00
Standard hours for units produced
​25,000
 
How much is the direct labor efficiency variance?
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