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Q5 can be found below Lolipop Labs., Inc. makes a single product which has the following standards: Direct materials: 2.5 ounces at $20 per ounce

Q5 can be found below

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Lolipop Labs., Inc. makes a single product which has the following standards: Direct materials: 2.5 ounces at $20 per ounce Direct labor: 1.4 hours at $12.50 per hour Variable manufacturing overhead: 1.4 hours at 3.50 per hour Variable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October: 3,750 units of compound were produced during the month. There was no beginning direct materials Inventory. . Direct materials purchased: 12,000 ounces for $225,000. The ending direct materials inventory was 2,000 ounces. . Direct labor-hours worked: 5,600 hours at a cost of $67,200. . Variable manufacturing overhead costs Incurred amounted to $18,200. Variable manufacturing overhead applied to products: $18,375. The labor efficiency variance for October Is: Multiple Choice $4.375 Unfavorable O $1,400 Favorable O $3.750 Favorable O $1,900 Unfavorable

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