Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cheddar uses a standard cost system. For production in February, Cheddar had the following information: Standards: - Material 4.0 feet per unit @ $3.75 per
Cheddar uses a standard cost system. For production in February, Cheddar had the following information:
Standards: | - |
Material | 4.0 feet per unit @ $3.75 per foot |
Labor | 3.0 hours per unit @ $8.25 per hour |
- | - |
Actual: | - |
Production | 3,500 units produced during the month |
Material | 14,700 feet purchased @ $3.70 per foot |
Labor | 10,400 direct labor hours @ $8.35 per hour |
What is the labor efficiency variance?
(Round all answers to the nearest dollar.)
Group of answer choices
1. $835 U
2. $835 F
3. $825 U
4. $825 F
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started