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ENA, Inc. uses standard costs for direct material and direct labor. Last year, ENA estimated the following standard costs for one of their products, the
ENA, Inc. uses standard costs for direct material and direct labor. Last year, ENA estimated the following standard costs for one of their products, the 5-gallon pail. Budgeted price Budgeted quantity 0.70 pounds $70 per pound Direct materials Direct labor 1 hour $35 per hour Last month, ENA produced and sold 25,000 pails. Actual units of direct materials and labor were: Direct materials - 23,000 pounds at an average cost per pound of $75 Direct labor hours: 17,500 at an average wage of $35.75 per hour. The direct manufacturing labor efficiency variance during June is
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