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Thank you in advance! Question 9 0/2 pts Beyonc is looking at a monthly performance report for her lemonade stand for last month. She has
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Question 9 0/2 pts Beyonc is looking at a monthly performance report for her lemonade stand for last month. She has been provided with the following standard cost per batch of lemonade: Cost Standard Quantity (Input per Batch) Standard Price Direct Materials 0.8 pounds $5.00 per pound Direct Labor 1.2 hours $15.00 per hour Standard Costs are based on machine hours. Last month, Beyonc's lemonade stand produced 150 batches of lemonade and incurred the following costs: a. Purchased 100 pounds of materials at a cost of $3.97 per pound. b. Used 88 pounds of materials in production. (Finished goods and work in process inventories can be ignored). c. Worked 176 direct labor-hours at a cost of $16.36 per hour. What is Beyonc's labor efficiency variance for last month? Enter your answer as a positive number (note Favorable or Unfavorable for the next question). You Answered 390 Correct Answer 60 margin of error +/- 2%Step by Step Solution
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