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The following labor standards have been established for a particular product: standard labor hours per unit of output standard labor rate 8.5 hours $18.10

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The following labor standards have been established for a particular product: standard labor hours per unit of output standard labor rate 8.5 hours $18.10 per hour The following data pertain to operations concerning the product for the last month: actual hours worked 4,300 hours actual total labor cost $78,475 actual output 500 units Calculate the labor efficiency variance (LEV): $912.50 FAVORABLE (F) $912.50 UNFAVORABLE (U) $905 UNFAVORABLE (U) $905 FAVORABLE (F)

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