Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.00 per hour. During February, Madrid Co. paid $100,200 to employees for 9,230 hours worked. 2,480 units were produced during February. What is the direct labor efficiency variance? Multiple Choice $1,330 favorable $7,590 favorable $482 favorable $8,920 favorable Merlot, Inc. has fixed costs of $207,000, sales price of $55, and variable cost of $42 per unit. How many units must be sold to earn profit of $40,000? Multiple Choice O 26,500 9,000 19,000 O 16,500 Company A has a receivables turnover of 8.0. Company B has a receivables turnover of 10.0. Which of the following statements is correct? Multiple Choice Company A makes more sales on account than Company B. Company B collects its receivables faster than Company A. Company A collects its receivables faster than Company B. O Company B makes more sales on account than Company A