A company uses the following standard costs to produce a single unit of output.<\/p>
Direct materials6 pounds at $1.00 per pound=$6.00<\/p>
Direct labor0.3 hour at $10.00 per hour=$3.00<\/p>
Manufacturing overhead0.3 hour at $5.00 per hour=$1.50<\/p>
<\/p>
During the latest month, the company purchased and used 56,000 pounds of direct materials at a price of $1.10 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $26,400 based on 2,750 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $12,000 and fixed manufacturing overhead incurred was $17,000. Based on this information, the direct labor efficiency variance for the month was:<\/span><\/p>", "transcribed_text": "", "related_book": { "title": "Auditing Cases An Active Learning Approach", "isbn": "0130674842, 978-0130674845", "edition": "2nd Edition", "authors": "Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64ed8a8041add_6938.jpg", "uri": "\/textbooks\/abnormal-psychology-clinical-perspectives-on-psychological-disorders-1st-edition-9781266566899", "see_more_uri": "" }, "free_related_book": { "isbn": "1682683400", "uri": "\/textbooks\/cbd-oil-everyday-secrets-a-lifestyle-guide-to-hemp-derived-health-and-wellness-1st-edition-978-1682683408-278761", "name": "Cbd Oil Everyday Secrets A Lifestyle Guide To Hemp Derived Health And Wellness", "edition": "1st Edition" }, "question_posted": "2024-06-28 06:46:05", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/in-20x8-tebow-athletic-shoe-company-acquired-the-following-assets", "description": "In 20X8, Tebow Athletic Shoe Company acquired the following assets and immediately placed them into service. 1. 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