Question
FastNet Systems is astart-up company that makes connectors forhigh-speed Internet connections. FastNet has budgeted three hours of direct labor perconnector, at a standard cost of
FastNet Systems is astart-up company that makes connectors forhigh-speed Internet connections. FastNet has budgeted three hours of direct labor perconnector, at a standard cost of $15 per hour. DuringAugust, technicians actually worked 192 hours completing 71 connectors. All 71 connectors actually produced were sold. FastNet paid the technicians $15.80 per hour.
What is FastNet's direct labor efficiency variance forAugust?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
