The following labor standards have been established for a particular product: The following data pertain to operations concerning the product for the last month:  What is the labor efficiency variance for the month? Select one: a. $9,240 F b. $6,090 U c. $5,955 U d. $9,240 U

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...
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The following labor standards have been established for a particular product:

The following data pertain to operations concerning the product for the last month: 

What is the labor efficiency variance for the month?

Select one:
a. $9,240 F
b. $6,090 U
c. $5,955 U
d. $9,240 U

 

 

Standard labor-hours per unit of output.
Standard labor rate
5.0 hours
$19.85 per hour
Transcribed Image Text:Standard labor-hours per unit of output. Standard labor rate 5.0 hours $19.85 per hour
Actual hours worked
7,300 hours
Actual total labor cost ...
Actual output.
$148,190
1,400 units
Transcribed Image Text:Actual hours worked 7,300 hours Actual total labor cost ... Actual output. $148,190 1,400 units
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