Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Doris Company is completing month end performance evaluation using a standard cost system. For October, the company has the following information (round answers to the
Doris Company is completing month end performance evaluation using a standard cost system. For October, the company has the following information (round answers to the nearest dollar).
Standards: | - | ||
Material | 3.5 pounds per unit @ $4.50 per pound | ||
Labor | 5.0 hours per unit @ $12.00 per hour | ||
- | - | ||
Actual: | - | ||
Units Produced | 4,000 | ||
Material used | 11,750 pounds @ $4.25 | ||
20,750 direct labor hours @ $12.50 per hour | - |
What is the labor efficiency variance?
Group of answer choices
$9,000 U
$19,375 U
$9,375 U
$2,050 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