Question
Perfection Company manufactures candles. The standard direct materials quantity required to produce one fancy candle is 1 pound at a cost of $5 per pound.
Perfection Company manufactures candles. The standard direct materials quantity required to produce one fancy candle is 1 pound at a cost of $5 per pound. Every candle requires 2 direct labor hours at a standard cost of $14 per direct labor hour. During November, 8,000 fancy candles were produced using 8,300 pound of materials costing $31,600. At the end of November an examination of the labor cost records showed that the company used 17,100 direct labor hours at a cost of $17 per hour. What is the direct labor efficiency variance?
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