Question
Grimsley Company's direct labor costs for the month of December were as follows: Actual direct labor-hours......................... 20,000 Standard direct labor-hours....................... 21,000 Total standard labor cost.........................
Grimsley Company's direct labor costs for the month of December were as follows:
| Actual direct labor-hours......................... | 20,000 | |
| Standard direct labor-hours....................... | 21,000 | |
| Total standard labor cost......................... | $258,300 | |
| Total payroll..................................... | $252,000 |
What was Grimsley's labor efficiency variance?
| A. | $12,300 (favorable) | |
| B. | $12,000 (favorable) | |
| C. | $12,600 (favorable) | |
| D. | $12,900 (favorable) |
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
