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The materials quantity variance for lumber in the question above is: Favorable Unfavorable Question 6 A company uses standard costing and produces a single product.
The materials quantity variance for lumber in the question above is: Favorable Unfavorable Question 6 A company uses standard costing and produces a single product. It provides the following information for the month of October about labor standards, cost, and use: Labor Standards: Standard labor hours per unit: 11 hours per unit Standard wage rate: $24 per labor hour Actual labor cost and use for the month of October: . Actual direct labor hours used: 10,280 labor hours Actual wage rate: $24.70 per labor hour Planned and Actual Production for October: Actual production level: 1050 units Budgeted production level: 1400 units Calculate the labor efficiency (quantity) variance for the month of October. (Enter your answer as a positive number you will indicate whether this variance is favorable or unfavorable in the next question.) 0.9 pts
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