Question
M&S Inc. uses standard costing. The actual cost of direct labor per hour is $6.25 and the standard cost of direct labor per hour is
M&S Inc. uses standard costing. The actual cost of direct labor per hour is $6.25 and the standard cost of direct labor per hour is $6.00. Two budgeted direct labor hours are allowed per finished good. During the current period, 250 finished goods were produced using 475 direct labor hours. What is the labor efficiency variance?
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
