Question
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.20 per hour.
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.20 per hour. During February, Madrid Co. paid $99,600 to employees for 9,210 hours worked. 2,450 units were produced during February. What is the direct labor efficiency variance?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
