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Assume the following information appears in the standard cost card for a company that makes only one product: Direct materials Direct labor Variable manufacturing overhead
Assume the following information appears in the standard cost card for a company that makes only one product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours Standard Price or Rate 5 pounds $11.00 per pound 2 hours $ 16.60 per hour $ 3.00 per hour 2 hours During the most recent period, the following additional Information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. Standard Cost $ 55.00 $ 33.20 $ 6.00 What is the direct labor efficiency variance? Multiple Choice $3,300 F $3,300 U $3,320 U $3,320 F
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