Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The standard cost for 5,000 units of a product and 10,000 direct labor hours is as follows: Standard cost descriptionStandard quantity per unitStandard rateStandard cost
The standard cost for 5,000 units of a product and 10,000 direct labor hours is as follows: Standard cost descriptionStandard quantity per unitStandard rateStandard cost per unit Direct materials4 pounds@ $3$12 Direct labor2 hours@ $10$20 Variable overhead2 hours@ $8$16 Fixed overhead$25,000 per 5,000 units$5 Total standard cost per unit$53 The actual direct labor hours used to produce 4,950 units was 9,700 hours. What is the direct labor efficiency variance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started