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Kenosha Industries, Inc., ( KII ) developed the following standard costs for direct material and direct labor for one of their major products, the 1
Kenosha Industries, Inc., KII developed the following standard costs for direct material and direct labor for one of their major products, the gallon plastic container. tableStandard Quantity,Standard PriceDirect materials, pounds,$ per poundDirect labor, hours,$ per hour During August, KII produced and sold containers using pounds of direct materials at an average cost per pound of $ and direct labor hours at an average wage of $ per hour. August's direct labor efficiency variance was: a $ unfavorable. b $ favorable. c $ favorable. d Zero variance.
Kenosha Industries, Inc., KII developed the following standard costs for direct material and direct labor for one of their major products, the gallon plastic container.
tableStandard Quantity,Standard PriceDirect materials, pounds,$ per poundDirect labor, hours,$ per hour
During August, KII produced and sold containers using pounds of direct materials at an average cost per pound of $ and direct labor hours at an average wage of $ per hour.
August's direct labor efficiency variance was:
a $ unfavorable.
b $ favorable.
c $ favorable.
d Zero variance.
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