The labor efficiency variance for March is to be calculated

Vicl AL)-CH 8,9,10 6 Help Save & Exit Puvo, Inc, manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor hours. The company uses a standard cost system and has established the following standards for one unit of product Standard Price or Stand Direct materials Direct labor Variable manufacturing overhead 5.8 pounds e.5 hours 8.5 hours $33.58 per hour 8.50 per hour 8.68 per pound 3.48 $16.75 $4.25 During March, the following activity was recorded by the company The company produced 2.400 units during the month A total of 19,400 pounds of material were purchased at a cost of $13,580. There was no beginning inventory of materials on hand to start the month; at the end of the month, 3.620 pounds of material remained in the warehouse . During March, 1090 direct labor-hours were worked at a rate of $30 50 per hour Variable manufacturing overhead costs during March totaled $14,061 The direct materials purchases variance is computed when the materials are purchased The labor efficiency variance for March is Prox 24 of 28 E Next > 6 8 0